An official website of the United States government

Here’s how you know

Official websites use .gov A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

Write your business plan

Business plans help you run your business.

A good business plan guides you through each stage of starting and managing your business. You’ll use your business plan as a roadmap for how to structure, run, and grow your new business. It’s a way to think through the key elements of your business.

Business plans can help you get funding or bring on new business partners. Investors want to feel confident they’ll see a return on their investment. Your business plan is the tool you’ll use to convince people that working with you — or investing in your company — is a smart choice.

Pick a business plan format that works for you

There’s no right or wrong way to write a business plan. What’s important is that your plan meets your needs.

Most business plans fall into one of two common categories: traditional or lean startup.

Traditional business plans are more common, use a standard structure, and encourage you to go into detail in each section. They tend to require more work upfront and can be dozens of pages long.

Lean startup business plans are less common but still use a standard structure. They focus on summarizing only the most important points of the key elements of your plan. They can take as little as one hour to make and are typically only one page.

Traditional business plan

write traditional plan

Lean startup plan

A lean business plan is quicker but high-level

Traditional business plan format

You might prefer a traditional business plan format if you’re very detail-oriented, want a comprehensive plan, or plan to request financing from traditional sources.

When you write your business plan, you don’t have to stick to the exact business plan outline. Instead, use the sections that make the most sense for your business and your needs. Traditional business plans use some combination of these nine sections.

Executive summary

Briefly tell your reader what your company is and why it will be successful. Include your mission statement, your product or service, and basic information about your company’s leadership team, employees, and location. You should also include financial information and high-level growth plans if you plan to ask for financing.

Company description

Use your company description to provide detailed information about your company. Go into detail about the problems your business solves. Be specific, and list out the consumers, organization, or businesses your company plans to serve.

Explain the competitive advantages that will make your business a success. Are there experts on your team? Have you found the perfect location for your store? Your company description is the place to boast about your strengths.

Market analysis

You'll need a good understanding of your industry outlook and target market. Competitive research will show you what other businesses are doing and what their strengths are. In your market research, look for trends and themes. What do successful competitors do? Why does it work? Can you do it better? Now's the time to answer these questions.

Organization and management

Tell your reader how your company will be structured and who will run it.

Describe the  legal structure  of your business. State whether you have or intend to incorporate your business as a C or an S corporation, form a general or limited partnership, or if you're a sole proprietor or limited liability company (LLC).

Use an organizational chart to lay out who's in charge of what in your company. Show how each person's unique experience will contribute to the success of your venture. Consider including resumes and CVs of key members of your team.

Service or product line

Describe what you sell or what service you offer. Explain how it benefits your customers and what the product lifecycle looks like. Share your plans for intellectual property, like copyright or patent filings. If you're doing  research and development  for your service or product, explain it in detail.

Marketing and sales

There's no single way to approach a marketing strategy. Your strategy should evolve and change to fit your unique needs.

Your goal in this section is to describe how you'll attract and retain customers. You'll also describe how a sale will actually happen. You'll refer to this section later when you make financial projections, so make sure to thoroughly describe your complete marketing and sales strategies.

Funding request

If you're asking for funding, this is where you'll outline your funding requirements. Your goal is to clearly explain how much funding you’ll need over the next five years and what you'll use it for.

Specify whether you want debt or equity, the terms you'd like applied, and the length of time your request will cover. Give a detailed description of how you'll use your funds. Specify if you need funds to buy equipment or materials, pay salaries, or cover specific bills until revenue increases. Always include a description of your future strategic financial plans, like paying off debt or selling your business.

Financial projections

Supplement your funding request with financial projections. Your goal is to convince the reader that your business is stable and will be a financial success.

If your business is already established, include income statements, balance sheets, and cash flow statements for the last three to five years. If you have other collateral you could put against a loan, make sure to list it now.

Provide a prospective financial outlook for the next five years. Include forecasted income statements, balance sheets, cash flow statements, and capital expenditure budgets. For the first year, be even more specific and use quarterly — or even monthly — projections. Make sure to clearly explain your projections, and match them to your funding requests.

This is a great place to use graphs and charts to tell the financial story of your business.  

Use your appendix to provide supporting documents or other materials were specially requested. Common items to include are credit histories, resumes, product pictures, letters of reference, licenses, permits, patents, legal documents, and other contracts.

Example traditional business plans

Before you write your business plan, read the following example business plans written by fictional business owners. Rebecca owns a consulting firm, and Andrew owns a toy company.

Lean startup format

You might prefer a lean startup format if you want to explain or start your business quickly, your business is relatively simple, or you plan to regularly change and refine your business plan.

Lean startup formats are charts that use only a handful of elements to describe your company’s value proposition, infrastructure, customers, and finances. They’re useful for visualizing tradeoffs and fundamental facts about your company.

There are different ways to develop a lean startup template. You can search the web to find free templates to build your business plan. We discuss nine components of a model business plan here:

Key partnerships

Note the other businesses or services you’ll work with to run your business. Think about suppliers, manufacturers, subcontractors, and similar strategic partners.

Key activities

List the ways your business will gain a competitive advantage. Highlight things like selling direct to consumers, or using technology to tap into the sharing economy.

Key resources

List any resource you’ll leverage to create value for your customer. Your most important assets could include staff, capital, or intellectual property. Don’t forget to leverage business resources that might be available to  women ,  veterans ,  Native Americans , and  HUBZone businesses .

Value proposition

Make a clear and compelling statement about the unique value your company brings to the market.

Customer relationships

Describe how customers will interact with your business. Is it automated or personal? In person or online? Think through the customer experience from start to finish.

Customer segments

Be specific when you name your target market. Your business won’t be for everybody, so it’s important to have a clear sense of whom your business will serve.

List the most important ways you’ll talk to your customers. Most businesses use a mix of channels and optimize them over time.

Cost structure

Will your company focus on reducing cost or maximizing value? Define your strategy, then list the most significant costs you’ll face pursuing it.

Revenue streams

Explain how your company will actually make money. Some examples are direct sales, memberships fees, and selling advertising space. If your company has multiple revenue streams, list them all.

Example lean business plan

Before you write your business plan, read this example business plan written by a fictional business owner, Andrew, who owns a toy company.

Need help? Get free business counseling

Filter by Keywords

10 Free Business Plan Templates in Word, Excel, & ClickUp

ClickUp Contributor

August 14, 2023

Turning your vision into a clear and coherent business plan can be confusing and tough. 

Hours of brainstorming and facing an intimidating blank page can raise more questions than answers. Are you covering everything? What should go where? How do you keep each section thorough but brief?

If these questions have kept you up at night and slowed your progress, know you’re not alone. That’s why we’ve put together the top 10 business plan templates in Word, Excel, and ClickUp—to provide answers, clarity, and a structured framework to work with. This way, you’re sure to capture all the relevant information without wasting time. 

And the best part? Business planning becomes a little less “ugh!” and a lot more “aha!” 🤩

What is a Business Plan Template?

What makes a good business plan template, 1. clickup business plan template, 2. clickup sales plan template, 3. clickup business development action plan template, 4. clickup business roadmap template, 5. clickup business continuity plan template, 6. clickup lean business plan template, 7. clickup small business action plan template, 8. clickup strategic business roadmap template , 9. microsoft word business plan template by microsoft, 10. excel business plan template by vertex42.

A business plan template is a structured framework for entrepreneurs and business executives who want to create business plans. It comes with pre-arranged sections and headings that cover key elements like the executive summary , business overview, target customers, unique value proposition, marketing plans, and financial statements.  

A good business plan template helps with thorough planning, clear documentation, and practical implementation. Here’s what to look for:

  • Comprehensive structure: A good template comes with all the relevant sections to outline a business strategy, such as executive summary, market research and analysis, and financial projections 
  • Clarity and guidance: A good template is easy to follow. It has brief instructions or prompts for each section, guiding you to think deeply about your business and ensuring you don’t skip important details
  • Clean design: Aesthetics matter. Choose a template that’s not just functional but also professionally designed. This ensures your plan is presentable to stakeholders, partners, and potential investors
  • Flexibility : Your template should easily accommodate changes without hassle, like adding or removing sections, changing content and style, and rearranging parts 🛠️ 

While a template provides the structure, it’s the information you feed it that brings it to life. These pointers will help you pick a template that aligns with your business needs and clearly showcases your vision.

10 Business Plan Templates to Use in 2024

Preparing for business success in 2024 (and beyond) requires a comprehensive and organized business plan. We’ve handpicked the best templates to help you guide your team, attract investors, and secure funding. Let’s check them out.

ClickUp Business Plan Template

If you’re looking to replace a traditional business plan document, then ClickUp’s Business Plan Template is for you!

This one-page business plan template, designed in ClickUp Docs , is neatly broken down into the following sections:

  • Company description : Overview, mission, vision, and team
  • Market analysis : Problem, solution, target market, competition, and competitive advantage
  • Sales and marketing strategy : Products/services and marketing channels
  • Operational plan : Location and facilities, equipment and tools, manpower, and financial forecasts
  • Milestones and metrics: Targets and KPIs

Customize the template with your company logo and contact details, and easily navigate to different sections using the collapsible table of contents. The mini prompts under each section guide you on what to include—with suggestions on how to present the data (e.g., bullet lists, pictures, charts, and tables). 

You can share the document with anyone via URL and collaborate in real time. And when the business plan is ready, you have the option to print it or export it to PDF, HTML, or Markdown.

But that’s not all. This template is equipped with basic and enterprise project management features to streamline the business plan creation process . The Topics List view has a list of all the different sections and subsections of the template and allows you to assign it to a team member, set a due date, and attach relevant documents and references.

Switch from List to Board view to track and update task statuses according to the following: To Do, In Progress, Needs Revision, and Complete. 

This template is a comprehensive toolkit for documenting the different sections of your business plan and streamlining the creation process to ensure it’s completed on time. 🗓️

ClickUp Sales Plan Template

If you’re looking for a tool to kickstart or update your sales plan, ClickUp’s Sales Plan Template has got you covered. This sales plan template features a project summary list with tasks to help you craft a comprehensive and effective sales strategy. Some of these tasks include:

  • Determine sales objectives and goals
  • Draft positioning statement
  • Perform competitive analysis
  • Draft ideal customer persona
  • Create a lead generation strategy

Assign each task to a specific individual or team, set priority levels , and add due dates. Specify what section of the sales plan each task belongs to (e.g., executive summary, revenue goals, team structure, etc.), deliverable type (such as document, task, or meeting), and approval state (like pending, needs revisions, and approved).

And in ClickUp style, you can switch to multiple views: List for a list of all tasks, Board for visual task management, Timeline for an overview of task durations, and Gantt to get a view of task dependencies. 

This simple business plan template is perfect for any type of business looking to create a winning sales strategy while clarifying team roles and keeping tasks organized. ✨

ClickUp Business Development Action Plan Template

Thinking about scaling your business’s reach and operations but unsure where or how to start? It can be overwhelming, no doubt—you need a clear vision, measurable goals, and an actionable plan that every member of your team can rally behind. 

Thankfully, ClickUp’s Business Development Action Plan Template is designed to use automations to simplify this process so every step toward your business growth is clear, trackable, and actionable.

Start by assessing your current situation and deciding on your main growth goal. Are you aiming to increase revenue, tap into new markets, or introduce new products or services? With ClickUp Whiteboards or Docs, brainstorm and collaborate with your team on this decision.

Set and track your short- and long-term growth goals with ClickUp’s Goals , break them down into smaller targets, and assign these targets to team members, complete with due dates. Add these targets to a new ClickUp Dashboard to track real-time progress and celebrate small wins. 🎉

Whether you’re a startup or small business owner looking to hit your next major milestone or an established business exploring new avenues, this template keeps your team aligned, engaged, and informed every step of the way.

ClickUp Business Roadmap Template

ClickUp’s Business Roadmap Template is your go-to for mapping out major strategies and initiatives in areas like revenue growth, brand awareness, community engagement, and customer satisfaction. 

Use the List view to populate tasks under each initiative. With Custom Fields, you can capture which business category (e.g., Product, Operations, Sales & Marketing, etc.) tasks fall under and which quarter they’re slated for. You can also link to relevant documents and resources and evaluate tasks by effort and impact to ensure the most critical tasks get the attention they deserve. 👀

Depending on your focus, this template provides different views to show just what you need. For example, the All Initiatives per Quarter view lets you focus on what’s ahead by seeing tasks that need completion within a specific quarter. This ensures timely execution and helps in aligning resources effectively for the short term.

This template is ideal for business executives and management teams who need to coordinate multiple short- and long-term initiatives and business strategies.

ClickUp Business Continuity Plan Template

In business, unexpected threats to operations can arise at any moment. Whether it’s economic turbulence, a global health crisis, or supply chain interruptions, every company needs to be ready. ClickUp’s Business Continuity Plan Template lets you prepare proactively for these unforeseen challenges.

The template organizes tasks into three main categories:

  • Priorities: Tasks that need immediate attention
  • Continuity coverage: Tasks that must continue despite challenges
  • Guiding principles: Resources and protocols to ensure smooth operations

The Board view makes it easy to visualize all the tasks under each of these categories. And the Priorities List sorts tasks by those that are overdue, the upcoming ones, and then the ones due later.

In times of uncertainty, being prepared is your best strategy. This template helps your business not just survive but thrive in challenging situations, keeping your customers, employees, and investors satisfied. 🤝

ClickUp Lean Business Plan Template

Looking to execute your business plan the “lean” way? Use ClickUp’s Lean Business Plan Template . It’s designed to help you optimize resource usage and cut unnecessary steps—giving you better results with less effort.

In the Plan Summary List view, list all the tasks that need to get done. Add specific details like who’s doing each task, when it’s due, and which part of the Business Model Canvas (BMC) it falls under. The By Priority view sorts this list based on priorities like Urgent, High, Normal, and Low. This makes it easy to spot the most important tasks and tackle them first.

Additionally, the Board view gives you an overview of task progression from start to finish. And the BMC view rearranges these tasks based on the various BMC components. 

Each task can further be broken down into subtasks and multiple checklists to ensure all related action items are executed. ✔️

This template is an invaluable resource for startups and large enterprises looking to maximize process efficiencies and results in a streamlined and cost-effective way.

ClickUp Small Business Action Plan Template

The Small Business Action Plan Template by ClickUp is tailor-made for small businesses looking to transform their business ideas and goals into actionable steps and, eventually, into reality. 

It provides a simple and organized framework for creating, assigning, prioritizing, and tracking tasks. And in effect, it ensures that goals are not just set but achieved. Through the native dashboard and goal-setting features, you can monitor task progress and how they move you closer to achieving your goals.

Thanks to ClickUp’s robust communication features like chat, comments, and @mentions, it’s easy to get every team member on the same page and quickly address questions or concerns.

Use this action plan template to hit your business goals by streamlining your internal processes and aligning team efforts.

ClickUp Strategic Business Roadmap Template 

For larger businesses and scaling enterprises, getting different departments to work together toward a big goal can be challenging. The ClickUp Strategic Business Roadmap Template makes it easier by giving you a clear plan to follow.

This template is packaged in a folder and split into different lists for each department in your business, like Sales, Product, Marketing, and Enablement. This way, every team can focus on their tasks while collectively contributing to the bigger goal.

There are multiple viewing options available for team members. These include:

  • Progress Board: Visualize tasks that are on track, those at risk, and those behind
  • Gantt view: Get an overview of project timelines and dependencies
  • Team view: See what each team member is working on so you can balance workloads for maximum productivity

While this template may feel overwhelming at first, the getting started guide offers a step-by-step breakdown to help you navigate it with ease. And like all ClickUp templates, you can easily customize it to suit your business needs and preferences.

Microsoft Word Business Plan Template by Microsoft

Microsoft’s 20-page traditional business plan template simplifies the process of drafting comprehensive business plans. It’s made up of different sections, including:

  • Executive summary : Highlights, objectives, mission statement, and keys to success
  • Description of business: Company ownership and legal structure, hours of operation, products and services, suppliers, financial plans, etc.
  • Marketing: Market analysis, market segmentation, competition, and pricing
  • Appendix: Start-up expenses, cash flow statements, income statements, sales forecast, milestones, break-even analysis, etc.

The table of contents makes it easy to move to different sections of the document. And the text placeholders under each section provide clarity on the specific details required—making the process easier for users who may not be familiar with certain business terminology.

Excel Business Plan Template by Vertex42

No business template roundup is complete without an Excel template. This business plan template lets you work on your business financials in Excel. It comes with customizable tables, formulas, and charts to help you look at the following areas:

  • Highlight charts
  • Market analysis
  • Start-up assets and expenses
  • Sales forecasts
  • Profit and loss
  • Balance sheet
  • Cash flow projections
  • Break-even analysis

This Excel template is especially useful when you want to create a clear and visual financial section for your business plan document—an essential element for attracting investors and lenders. However, there might be a steep learning curve to using this template if you’re not familiar with business financial planning and using Excel.

Try a Free Business Plan Template in ClickUp

Launching and running a successful business requires a well-thought-out and carefully crafted business plan. However, the business planning process doesn’t have to be complicated, boring, or take up too much time. Use any of the above 10 free business plan formats to simplify and speed up the process.

ClickUp templates go beyond offering a solid foundation to build your business plans. They come with extensive project management features to turn your vision into reality. And that’s not all— ClickUp’s template library offers over 1,000 additional templates to help manage various aspects of your business, from decision-making to product development to resource management .

Sign up for ClickUp’s Free Forever Plan today to fast-track your business’s growth! 🏆

Questions? Comments? Visit our Help Center for support.

Receive the latest WriteClick Newsletter updates.

Thanks for subscribing to our blog!

Please enter a valid email

  • Free training & 24-hour support
  • Serious about security & privacy
  • 99.99% uptime the last 12 months
  • Product Overview
  • Create documents
  • Sign documents securely
  • Track & Monitor documents
  • Collaborate
  • Store & Organize
  • Quote, Sell & Pay
  • PandaDoc VS
  • eSignatures
  • All use cases
  • Enterprise Scale
  • Teams and Departments
  • Individuals
  • Customer stories
  • Explore all content
  • PandaDoc Q&A
  • Help center
  • Developer center
  • HubSpot CRM
  • All integrations
  • Sales integrations
  • CRM integrations
  • Payment integrations

Business plan templates

From competitive analysis to financial projections, business plans give your new business a roadmap for success. Download one of our free business plan templates and take your company to the next level.

Big Data Startup Business Plan Template

Big Data Startup Business Plan Template

Create a professional Big Data Startup business plan with our customizable Startup Business Plan Template.

Virtual Assistant Business Plan

Virtual Assistant Business Plan

Strategize your way to success with this customizable AI virtual assistant business plan template.

Virtual Reality (VR) Business Plan

Virtual Reality (VR) Business Plan

Our free virtual reality (VR) business plan helps you customize your document and create a winning strategy to land investors.

Get unlimited eSignatures

Create, manage, and eSign documents for only $19 per month.

No credit card required

Paid Plans Banner

Laundromat Business Plan

Create your success roadmap with a laundromat business plan template, designed to arrange the essentials of the laundry business.

5-Year Business Plan Template

5-Year Business Plan Template

Empower your path to long-term success with our 5-year business plan template.

Car Wash Business Plan Template

Car Wash Business Plan Template

Launch and grow your car wash business with our customizable plan template.

Airbnb Business Plan Template

Airbnb Business Plan Template

Unlock your path to success with our Airbnb business plan template, made to guide you in structuring the fundamental aspects of your Airbnb business.

Clothing Line Business Plan

Clothing Line Business Plan

Use this free and customizable clothing line business plan to appeal to investors and set up your fashion brand.

Gym Business Plan Template 

Gym Business Plan Template 

The Panda tips in this gym business plan template guide you through the process of researching and presenting information necessary to secure funding and partners for your business.

Handyman Business Plan Template

Handyman Business Plan Template

Start a new handyman business using a well-researched handyman business plan template to meet your goals faster.

Vending Machine Business Plan Template

Vending Machine Business Plan Template

If you’re starting a new vending machine business, a well-rounded vending machine business plan can improve your chances of success.

Bar Business Plan Template

Bar Business Plan Template

Create your path to success with our bar business plan template, designed as a valuable tool to help entrepreneurs organize the bar business.

Massage Therapy Business Plan

Massage Therapy Business Plan

This massage therapy business plan template helps you cover the basics of starting or expanding a massage business.

Bed and Breakfast Business Plan Template

Bed and Breakfast Business Plan Template

Use a complete bed and breakfast business plan template to set up your business for growth and success.

Catering Business Plan

Catering Business Plan

Chart your path to success with our catering business plan template designed to help entrepreneurs organize their catering business.

Event Venue Business Plan Template

Event Venue Business Plan Template

Launch and grow your event venue with our customizable business plan template.

Event Planning Business Plan 

Event Planning Business Plan 

Prepare your event planning business for success with our ready-to-fill and easily downloadable event planning business plan template.

Rental Property Business Plan

Rental Property Business Plan

Develop a rental property business plan tailored to serve as a valuable resource for entrepreneurs to organize their rental business.

Coaching Business Plan Template

Coaching Business Plan Template

If you want to grow your new or existing coaching business, use our free coaching business plan template as a roadmap to success.

Lawn Care Business Plan

Lawn Care Business Plan

Use a comprehensive lawn care business plan template that includes guidance and all critical information.

T-shirt Business Plan Template 

T-shirt Business Plan Template 

Craft a winning T-shirt business plan in a structured business format that attracts investors and funding.

Candle-Making Business Plan Template

Candle-Making Business Plan Template

Use a candle-making business plan template to get together all of the information you need to ensure that your candle business succeeds.

SBA Business Plan Template

SBA Business Plan Template

Use our free and fully customizable SBA business plan template to get started when writing a successful proposal for an SBA loan.

Cleaning Business Plan Template

Cleaning Business Plan Template

Discover a hassle-free way to document a roadmap for your cleaning business with this free business plan template.

Real Estate Business Plan Template

Real Estate Business Plan Template

Start off your new real estate business on the right foot by using a real estate business plan template to ensure your goals, visions, and finances are sorted.

Trucking Business Plan Template

Trucking Business Plan Template

Empower your journey to success with our trucking business plan template, designed as a valuable tool to organize the essentials of your trucking business.

Food Truck Business Plan Template

Food Truck Business Plan Template

Find a fully customizable, free food truck business plan template that helps you create an effective proposal for interested investors.

Simple Business Plan Template

Simple Business Plan Template

This simple business plan template walks you through the stages of establishing a successful business or seeking funding.

Solar Farm Business Plan

Solar Farm Business Plan

Give your solar farm business the best start by creating a professional business plan to keep your company on the right track.

Ecommerce Business Plan Template

Ecommerce Business Plan Template

This Ecommerce Business Plan Template is tailored particularly to e-commerce companies, and all you require to do is add the elements related to your business.

Accounting Firm Business Plan

Accounting Firm Business Plan

Use this Accounting Firm Business Plan to achieve your goals. Accounting firms are comparable to other industries and need the Business Plan to help their development.

Campground Business Plan Template

Campground Business Plan Template

This PandaDoc Campground Business Plan Template has all the essential information to help you develop a successful business strategy.

Firewood Business Plan

Firewood Business Plan

This Firewood Business Plan Template perfectly outlines the company structure of a probable firewood venture. It highlights the budgets needed to start and manage the unique business.

Funeral Home Business Plan

Funeral Home Business Plan

A Funeral Home Business Plan covers detailed data on the courtesies offered by the company, market analysis, administration strategies, personnel procedures, budget and financing plans, and other applicable topics.

Community Center Business Plan

Community Center Business Plan

You can use this Community Center Business Plan Template, it is perfect for anyone desiring to open and run a society center. It gives the center’s owner an outline of areas that must be disseminated with the investors to earn an acquisition.

Gas Station Business Plan

Gas Station Business Plan

Take the first step towards success in the fuel industry with our professionally crafted Gas Station Business Plan template.

Beauty Supply Store Business Plan Template

Beauty Supply Store Business Plan

This Beauty Supply Store Business Plan Template covers all the appropriate sections needed to invest in a beauty supply store. The template will help you to raise money for your business.

Flower Shop Business Plan Template

Flower Shop Business Plan Template

The Flower Shop Business Plan Template is organized to help you achieve the awareness of various investors to invest in your company.

Electrical Contractor Business Plan

Electrical Contractor Business Plan

This Electrical Contractor Business Plan template include information about the services you offer, who your target consumers are, why they should prefer you over your opponents and how much capital you require to get started.

Car Dealership Business Plan Template

Car Dealership Business Plan

A Car Dealership Business Plan is a detailed plan that will help you take your business to the next level. Use this template to create your plan.

Farm Business Plan Template

Farm Business Plan

Farm Business Plan gives an overview of the company, including corporation history, owner backgrounds, creations and more. Use this template to quickly develop your farm company plan.

Consultant Business Plan Template

Consultant Business Plan Template

An example of a document outlining your strategy for launching or expanding your consulting firm is a Consultant Business Plan Template. The essential elements include a summary of the company, team, sector, rivals, target audience, and an operations and marketing strategy.

Construction Company Business Plan

Construction Company Business Plan

The objectives and tactics of a construction company are described in a business plan for a construction company. For the creation of your business plan, use this Construction Company Business Plan Template.

Fashion Business Plan Template

Fashion Business Plan Template

Structural and action plans for a fashion firm are laid out in the fashion business plan template.

Daycare Business Plan

Daycare Business Plan

The creation of a business strategy is the first step in starting a daycare. Use this Daycare Business Plan Template to describe your company’s objectives, as well as your target market, potential rivals, and your financing strategy.

Convenience Store Business Plan

Convenience Store Business Plan

Do you need a Convenience Store Business Plan Template? This plan includes all the details and information needed to secure funding for a convenience store.

startup business plan

Startup Business Plan Template

We offer you the steps and the tools to create a fantastic business plan. Attract investors with this sleek and free startup business plan template.

business plan

Business Plan Template

This business plan template is a great tool for your startup to customize to reflect your strong qualifications, experienced team, and marketable business idea.

What is a business plan?

A business plan is a document that helps small business owners determine the viability of their business idea. Combining market research and financial analysis, a professional business plan helps startup CEOs and potential investors determine if the company can compete in the target market.

Typically, a good business plan consists of the following:

  • Executive summary
  • Company description
  • Mission statement
  • Product and services
  • Marketing plan
  • Operations plan
  • Management organization
  • Financial plan
  • Conclusion & appendix

Every section involved in a business plan is designed to help startup businesses reach their target market.

A business plan asks founders and entrepreneurs to detail their business strategy in a step-by-step process that makes sense from an operational perspective. This is essential if a startup is seeking a business loan or an investment from a venture capital firm.

However, even small businesses that are already economically viable can benefit from creating a business plan, since it encourages business owners and their management teams to examine their business model and reevaluate the best ways to reach their target customers.

Should I use a business plan template?

Yes.  If you’ve never written one, a business plan can be challenging to write.

Creating a successful plan that you can use to grow your small business can require weeks of market analysis and financial preparation. You may spend time using Microsoft Excel or Powerpoint in order to create documentation which better supports our operational decisions.

However, almost every professional business plan is structured in the same way and most ask for the same information. Because of this, using a business plan template is advisable to save time, money, and effort.

Business plan templates for free

Rather than spending time trying to figure out how to write a business plan , use a free template as a guide to completion.

Business plan templates from PandaDoc can help you reach an effective go-to-market strategy even faster by asking you to provide all the relevant information you need when creating an effective business plan.

Grab a free template to get started!

Frequently asked questions

How many pages should my business plan be.

This depends on the kind of business plan you need to write and how you intend to use the plan that you create.

For example, a plan for a small business seeking potential investors or a business loan will need to provide income statements, cash flow statements, and a balance sheet (usually for a three-year or five-year forecast period).

These financial statements can be omitted if a small business owner isn’t seeking funding and is instead planning to use their business plan as a guiding document for themselves and their management team members.

Some business plans may only run a few pages. Fully-developed business plans can be as long as 50 pages. Much of this depends on the type of business, the operational strategy, and the level of detail that goes into developing the business plan.

Who needs a business plan?

Every business should have a business plan. This is an essential guidance document for any founder or CEO.

Good business plans help a company determine the viability of its place in the market and can help the business develop better strategies for differentiating itself from its competitors.

Business planning also forces business owners to evaluate their marketing strategy, the cost of customer acquisition and retention, and how they plan to grow their business over time.

What is the best business plan template?

Business plans come in all shapes and sizes. The best business plan template for your business is one that you understand and that matches the size and legal structure of your operation.

If you’re a sole proprietor, a business plan template designed for a big corporation probably doesn’t make sense. However, a business plan that helps you build an effective roadmap to grow your business while protecting your intellectual property is a good starting point.

PandaDoc offers specialized business plan templates for common industries along with tips to help you get started with business planning.

Should I hire someone to write my business plan for me?

No. You’ll find freelance writers and business strategy companies out there who are happy to write your business plan for a fee.  These resources can guide you through the process, but you should write (or be heavily involved in) the creation of your business plan.

The reason for this is simple: You know the most about your business, and your business needs you to succeed.

A writer can work with you to make your business plan sound better to investors, and a consultant can help you fill in knowledge gaps — like how to conduct a SWOT analysis — and point out weaknesses in your plan. But, at the end of the day, you need to use the business plan to pitch investors and run your business.

Those ideas and guiding principles aren’t something you can outsource.

Should I use business planning software?

Software isn’t required when creating an effective business plan. Most business planning software is designed to help you navigate the outlining and writing process more effectively.

You don’t need software to write a professional business plan, but a solid template can help you get started. Download a free template from PandaDoc today and take your business to the next level.

Get started with PandaDoc today

  • Auto Insurance Best Car Insurance Cheapest Car Insurance Compare Car Insurance Quotes Best Car Insurance For Young Drivers Best Auto & Home Bundles Cheapest Cars To Insure
  • Home Insurance Best Home Insurance Best Renters Insurance Cheapest Homeowners Insurance Types Of Homeowners Insurance
  • Life Insurance Best Life Insurance Best Term Life Insurance Best Senior Life Insurance Best Whole Life Insurance Best No Exam Life Insurance
  • Pet Insurance Best Pet Insurance Cheap Pet Insurance Pet Insurance Costs Compare Pet Insurance Quotes
  • Travel Insurance Best Travel Insurance Cancel For Any Reason Travel Insurance Best Cruise Travel Insurance Best Senior Travel Insurance
  • Health Insurance Best Health Insurance Plans Best Affordable Health Insurance Best Dental Insurance Best Vision Insurance Best Disability Insurance
  • Credit Cards Best Credit Cards 2024 Best Balance Transfer Credit Cards Best Rewards Credit Cards Best Cash Back Credit Cards Best Travel Rewards Credit Cards Best 0% APR Credit Cards Best Business Credit Cards Best Credit Cards for Startups Best Credit Cards For Bad Credit Best Cards for Students without Credit
  • Credit Card Reviews Chase Sapphire Preferred Wells Fargo Active Cash® Chase Sapphire Reserve Citi Double Cash Citi Diamond Preferred Chase Ink Business Unlimited American Express Blue Business Plus
  • Credit Card by Issuer Best Chase Credit Cards Best American Express Credit Cards Best Bank of America Credit Cards Best Visa Credit Cards
  • Credit Score Best Credit Monitoring Services Best Identity Theft Protection
  • CDs Best CD Rates Best No Penalty CDs Best Jumbo CD Rates Best 3 Month CD Rates Best 6 Month CD Rates Best 9 Month CD Rates Best 1 Year CD Rates Best 2 Year CD Rates Best 5 Year CD Rates
  • Checking Best High-Yield Checking Accounts Best Checking Accounts Best No Fee Checking Accounts Best Teen Checking Accounts Best Student Checking Accounts Best Joint Checking Accounts Best Business Checking Accounts Best Free Checking Accounts
  • Savings Best High-Yield Savings Accounts Best Free No-Fee Savings Accounts Simple Savings Calculator Monthly Budget Calculator: 50/30/20
  • Mortgages Best Mortgage Lenders Best Online Mortgage Lenders Current Mortgage Rates Best HELOC Rates Best Mortgage Refinance Lenders Best Home Equity Loan Lenders Best VA Mortgage Lenders Mortgage Refinance Rates Mortgage Interest Rate Forecast
  • Personal Loans Best Personal Loans Best Debt Consolidation Loans Best Emergency Loans Best Home Improvement Loans Best Bad Credit Loans Best Installment Loans For Bad Credit Best Personal Loans For Fair Credit Best Low Interest Personal Loans
  • Student Loans Best Student Loans Best Student Loan Refinance Best Student Loans for Bad or No Credit Best Low-Interest Student Loans
  • Business Loans Best Business Loans Best Business Lines of Credit Apply For A Business Loan Business Loan vs. Business Line Of Credit What Is An SBA Loan?
  • Investing Best Online Brokers Top 10 Cryptocurrencies Best Low-Risk Investments Best Cheap Stocks To Buy Now Best S&P 500 Index Funds Best Stocks For Beginners How To Make Money From Investing In Stocks
  • Retirement Best Gold IRAs Best Investments for a Roth IRA Best Bitcoin IRAs Protecting Your 401(k) In a Recession Types of IRAs Roth vs Traditional IRA How To Open A Roth IRA
  • Business Formation Best LLC Services Best Registered Agent Services How To Start An LLC How To Start A Business
  • Web Design & Hosting Best Website Builders Best E-commerce Platforms Best Domain Registrar
  • HR & Payroll Best Payroll Software Best HR Software Best HRIS Systems Best Recruiting Software Best Applicant Tracking Systems
  • Payment Processing Best Credit Card Processing Companies Best POS Systems Best Merchant Services Best Credit Card Readers How To Accept Credit Cards
  • More Business Solutions Best VPNs Best VoIP Services Best Project Management Software Best CRM Software Best Accounting Software
  • Manage Topics
  • Investigations
  • Visual Explainers
  • Newsletters
  • Abortion news
  • Coronavirus
  • Climate Change
  • Vertical Storytelling
  • Corrections Policy
  • College Football
  • High School Sports
  • H.S. Sports Awards
  • Sports Betting
  • College Basketball (M)
  • College Basketball (W)
  • For The Win
  • Sports Pulse
  • Weekly Pulse
  • Buy Tickets
  • Sports Seriously
  • Sports+ States
  • Celebrities
  • Entertainment This!
  • Celebrity Deaths
  • American Influencer Awards
  • Women of the Century
  • Problem Solved
  • Personal Finance
  • Small Business
  • Consumer Recalls
  • Video Games
  • Product Reviews
  • Destinations
  • Airline News
  • Experience America
  • Today's Debate
  • Suzette Hackney
  • Policing the USA
  • Meet the Editorial Board
  • How to Submit Content
  • Hidden Common Ground
  • Race in America

Personal Loans

Best Personal Loans

Auto Insurance

Best Auto Insurance

Best High-Yields Savings Accounts

CREDIT CARDS

Best Credit Cards

Advertiser Disclosure

Blueprint is an independent, advertising-supported comparison service focused on helping readers make smarter decisions. We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Blueprint. Blueprint does not include all companies, products or offers that may be available to you within the market. A list of selected affiliate partners is available here .

Free business plan template (with examples)

Alan Bradley

Sierra Campbell

Sierra Campbell

“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

Updated 3:37 a.m. UTC Feb. 12, 2024

  • path]:fill-[#49619B]" alt="Facebook" width="18" height="18" viewBox="0 0 18 18" fill="none" xmlns="http://www.w3.org/2000/svg">
  • path]:fill-[#202020]" alt="Email" width="19" height="14" viewBox="0 0 19 14" fill="none" xmlns="http://www.w3.org/2000/svg">

Editorial Note: Blueprint may earn a commission from affiliate partner links featured here on our site. This commission does not influence our editors' opinions or evaluations. Please view our full advertiser disclosure policy .

Featured Image

AzmanL, Getty Images

Starting a business can be a daunting undertaking. As with so many large projects, one of the most difficult challenges is just getting started, and one of the best ways to start is by putting together a plan. A plan is also a powerful tool for communication and can serve as a cornerstone for onboarding new partners and employees or for demonstrating your philosophy and priorities to potential collaborators. 

A solid business plan will not only provide a framework for your business going forward but will also give you an early opportunity to organize and refine your thoughts and define your mission statement, providing a guidepost that can serve as a beacon for your business for years to come. We’ve provided a business plan template below to help guide you in the creation of your new enterprise.

Featured LLC service offers

Zenbusiness.

template for business plan financials

Via ZenBusiness’ Website

Free version available

Lowest published package price

template for business plan financials

Via LegalZoom’s Website

Northwest Registered Agent

template for business plan financials

Via Northwest’s Website

Business plan template

What should a business plan include?

Regardless of the type of business you own or the products and services you provide, every business plan should include some core elements:

  • Mission statement. The definition and executive summary of your business.
  • Market analysis. A breakdown of the market segment and customers you hope to reach, built through primary (gathered by you) and secondary (gathered from outside sources) research.
  • Organization and logistics. The nuts and bolts of how your business is operated
  • Products or services. What your company provides its customers.
  • Advertising and marketing. How you intend to get your products in front of your customers.
  • Forecasting. Revenue forecasting for partners or potential investors.

Why do you need a business plan?

A business plan is a framework for success. It provides a number of key benefits:

  • Structure. The outline around which to design your business.
  • Operational guidance. A signpost for how to run your business from day to day.
  • Expansion. A vision for the future growth of your enterprise.
  • Definition. A platform to consider every element of your business and how best to execute your plans for them.
  • Collaboration. A synopsis of what’s exceptional about your business and a way to attract funding, investment or partnerships.
  • Onboarding. An efficient summary of your business for new or potential employees.

Business plan examples

We’ve created two fictional companies to illustrate how a business might use a business plan to sketch out goals and opportunities as well as forecast revenue.

Bling, Incorporated

Our first hypothetical example is a jewelry and accessory creator called Bling, Incorporated. A hybrid business that manufactures its products for sale both online and through physical retail channels, Bling’s mission statement is focused on transforming simple, inexpensive ingredients into wearable statement pieces of art. 

Market analysis includes gathering data around sourcing sustainable, inexpensive components, aesthetic trends in fashion and on which platforms competitors have had success in advertising jewelry to prospective customers. Logistics include shipping products, negotiating with retailers, establishing an e-commerce presence and material and manufacturing costs. 

Bling, Incorporated advertises initially through social platforms like TikTok and Facebook, as well as with Google AdSense, with plans to eventually expand to television advertising. Revenue forecasting is structured around a low overhead on the basis of inexpensive materials, no dedicated storefront and broad reach through digital platforms.

Phaeton Custom Cars

Phaeton is a custom car builder and classic car restoration business with a regional focus and reach. Its mission statement defines it as a local, family-owned business serving a community of auto enthusiasts and a broader regional niche of collectors. 

Market analysis breaks down the location and facilities of other competitor shops in the region as well as online communities of regional car enthusiasts likely to spend money on custom modifications or restoration projects. It also examines trends in valuations for custom parts and vintage cars. Logistics include pricing out parts and labor, finding skilled or apprentice laborers and mortgaging a garage and equipment. 

Phaeton advertises in regional publications, at local events and regional car shows and online through Facebook and Instagram, with an emphasis on a social presence highlighting their flashiest builds. Revenue forecasting is built around a growing reputation and high-value commissions.

Frequently asked questions (FAQs)

A business plan may not be a prerequisite for every type of business, but there are few businesses that wouldn’t benefit from one. It can serve as an important strategic tool and help crystalize a vision of your business and its future.

Business plans do just that: they help you plan the future of your business, serve as a platform to brainstorm ideas and think through your vision and are a great tool for showcasing why your business works to potential investors or partners.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

Blueprint has an advertiser disclosure policy . The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Alan Bradley

Alan is an experienced culture and tech writer with a background in newspaper reporting. His work has appeared in Rolling Stone, Paste Magazine, The Escapist, PC Mag, PC Gamer, and a multitude of other outlets. He has over twenty years of experience as a journalist and editor and is the author of the urban fantasy novel The Sixth Borough.

Sierra Campbell is a small business editor for USA Today Blueprint. She specializes in writing, editing and fact-checking content centered around helping businesses. She has worked as a digital content and show producer for several local TV stations, an editor for U.S. News & World Report and a freelance writer and editor for many companies. Sierra prides herself in delivering accurate and up-to-date information to readers. Her expertise includes credit card processing companies, e-commerce platforms, payroll software, accounting software and virtual private networks (VPNs). She also owns Editing by Sierra, where she offers editing services to writers of all backgrounds, including self-published and traditionally published authors.

How to start a small business: A step-by-step guide

How to start a small business: A step-by-step guide

Business Eric Rosenberg

  • Search Search Please fill out this field.
  • Building Your Business
  • Becoming an Owner
  • Business Plans

How to Write the Financial Section of a Business Plan

Susan Ward wrote about small businesses for The Balance for 18 years. She has run an IT consulting firm and designed and presented courses on how to promote small businesses.

template for business plan financials

Taking Stock of Expenses

The income statement, the cash flow projection, the balance sheet.

The financial section of your business plan determines whether or not your business idea is viable and will be the focus of any investors who may be attracted to your business idea. The financial section is composed of four financial statements: the income statement, the cash flow projection, the balance sheet, and the statement of shareholders' equity. It also should include a brief explanation and analysis of these four statements.

Think of your business expenses as two cost categories: your start-up expenses and your operating expenses. All the costs of getting your business up and running should be considered start-up expenses. These may include:

  • Business registration fees
  • Business licensing and permits
  • Starting inventory
  • Rent deposits
  • Down payments on a property
  • Down payments on equipment
  • Utility setup fees

Your own list will expand as soon as you start to itemize them.

Operating expenses are the costs of keeping your business running . Think of these as your monthly expenses. Your list of operating expenses may include:

  • Salaries (including your own)
  • Rent or mortgage payments
  • Telecommunication expenses
  • Raw materials
  • Distribution
  • Loan payments
  • Office supplies
  • Maintenance

Once you have listed all of your operating expenses, the total will reflect the monthly cost of operating your business. Multiply this number by six, and you have a six-month estimate of your operating expenses. Adding this amount to your total startup expenses list, and you have a ballpark figure for your complete start-up costs.

Now you can begin to put together your financial statements for your business plan starting with the income statement.

The income statement shows your revenues, expenses, and profit for a particular period—a snapshot of your business that shows whether or not your business is profitable. Subtract expenses from your revenue to determine your profit or loss.

While established businesses normally produce an income statement each fiscal quarter or once each fiscal year, for the purposes of the business plan, an income statement should be generated monthly for the first year.

Not all of the categories in this income statement will apply to your business. Eliminate those that do not apply, and add categories where necessary to adapt this template to your business.

If you have a product-based business, the revenue section of the income statement will look different. Revenue will be called sales, and you should account for any inventory.

The cash flow projection shows how cash is expected to flow in and out of your business. It is an important tool for cash flow management because it indicates when your expenditures are too high or if you might need a short-term investment to deal with a cash flow surplus. As part of your business plan, the cash flow projection will show how  much capital investment  your business idea needs.

For investors, the cash flow projection shows whether your business is a good credit risk and if there is enough cash on hand to make your business a good candidate for a line of credit, a  short-term loan , or a longer-term investment. You should include cash flow projections for each month over one year in the financial section of your business plan.

Do not confuse the cash flow projection with the cash flow statement. The cash flow statement shows the flow of cash in and out of your business. In other words, it describes the cash flow that has occurred in the past. The cash flow projection shows the cash that is anticipated to be generated or expended over a chosen period in the future.

There are three parts to the cash flow projection:

  • Cash revenues: Enter your estimated sales figures for each month. Only enter the sales that are collectible in cash during each month you are detailing.
  • Cash disbursements: Take the various expense categories from your ledger and list the cash expenditures you actually expect to pay for each month.
  • Reconciliation of cash revenues to cash disbursements: This section shows an opening balance, which is the carryover from the previous month's operations. The current month's revenues are added to this balance, the current month's disbursements are subtracted, and the adjusted cash flow balance is carried over to the next month.

The balance sheet reports your business's net worth at a particular point in time. It summarizes all the financial data about your business in three categories:

  • Assets :  Tangible objects of financial value that are owned by the company.
  • Liabilities: Debt owed to a creditor of the company.
  • Equity: The net difference when the  total liabilities  are subtracted from the total assets.

The relationship between these elements of financial data is expressed with the equation: Assets = Liabilities + Equity .

For your  business plan , you should create a pro forma balance sheet that summarizes the information in the income statement and cash flow projections. A business typically prepares a balance sheet once a year.

Once your balance sheet is complete, write a brief analysis for each of the three financial statements. The analysis should be short with highlights rather than in-depth analysis. The financial statements themselves should be placed in your business plan's appendices.

Woman working on laptop while on phone

Free Download

Business plan template for small businesses, startups, & entrepreneurs

Business planning can feel complicated. it doesn't have to be. start putting pen to paper today with your free business plan template download..

Available formats:

Google Icon

Downloads: 921,823

Our free template includes:

template for business plan financials

  • Detailed instructions

More than just a template, you'll learn how to write a winning business plan.

template for business plan financials

  • SBA-lender approved format

Your plan is formatted the way lenders and investors expect.

Paper with pencil represents documenting information.

  • Fill-in-the-blanks simplicity

You don't need to be an expert. This template makes business planning easy.

template for business plan financials

  • Expert tips & tricks

Get expert guidance sent straight to your inbox!

Money-Back Guarantee

All 100% free. We're here to help you succeed in business, no strings attached.

Start your business plan today

Whether you're writing a business plan to validate your business idea, secure funding, or grow your existing business – our template will help you achieve your goals.

Woman smiling with graphics overlayed

Business plan template FAQ

What is a business plan template?

A business plan template is a document designed to help streamline your ability to write a business plan. It handles the structure and organization so that you can focus on filling in the blanks and defining the key aspects of your business.

Why choose this business plan template?

There are a few key features that make this business template more functional and effective than your average template.

  • Written by planning experts:  This business plan template wasn't just thrown together. It was crafted by seasoned planning experts with a combined 40 years of experience writing and reviewing business plans. Throughout this template, you find their expert tips and tricks, along with detailed instructions.
  • Free course access: When you download your business plan template, you'll get access to a week-long email course covering critical business planning mistakes to avoid.
  • Works with other Bplans resources: Need additional guidance to write your business plan? Our free business planning guide  is built to support this template—giving you even more detailed walkthroughs for each section.
  • Designed for funding:  Even if you're not going right to the bank, using this template will prepare you to pursue funding and impress potential investors whenever you're ready. This template ensures your plan is in SBA format.

What is included in this business plan template?

This template includes definitions, guidance, and examples for every business plan component needed to start, fund, and grow your business. After downloading the full template, you'll receive instructions for how to fill out each of the following sections.

Executive summary:  The brief summary of your business plan that introduces everyone to your business, the problem you solve, and what you're asking from your readers. It's the first chapter of your business plan and the last thing you write once you have the details from your full plan.

Problem & solution: More than a simple description of your products and services - here you define the problem you're solving and the value you provide. It's also your chance to showcase any initial traction that shows you're on the right track.

Market analysis and target market: A detailed assessment of the market you intend to enter, including the size and value of the market, potential customer segments, and their buying patterns.

Competition: Show that you know who your competitors are, what advantages you have, and how you're positioning your business to be competitive.

Marketing & sales: Describe how you'll reach and sell to potential customers with a detailed sales plan and chosen marketing channels.

Operations: What makes your business run? Outline the day-to-day workflows, and what still needs to be set up for your business to deliver a product or service.

Milestones & metrics: Set goals for your business that include the dates and people responsible to accomplish them. This is what you'll use to manage responsibilities, track growth, and execute your larger strategy.

Company overview and team: Provide a brief rundown of the legal and structural components of your company including your history, current team, and gaps you need to fill.

Financial plan: Create well-structured and accurate financial statements to help you pitch to investors, land funding, and achieve long-term success. All without the help of a financial advisor or a degree in accounting.

Appendix: While not required, this last section of your business plan is a great place to drop in additional documents that support and strengthen the rest of your plan.

What file formats are available for this business plan template?

You can download and use this business plan template as a Google Doc, .docx (Microsoft Word), or PDF.

Can you print out this template?

This is a printable business plan template that can be downloaded and printed no matter which format you choose.

Why should you start with a business plan template?

Starting with a good business plan template (like this one) includes everything you need to get started. It helps you organize your thoughts, and provides guidance, instructions, and examples to create an investor-ready and SBA-approved business plan format. It really speeds up the planning process. Oh, and it's 100% free!

Why do you need a business plan?

Writing a business plan will help you develop a strategy for success, reduce the risk of starting a business, explore new business ideas, attract investors, and get funding. Learn more about how you can get value out of your business plan .

Is writing a business plan easy?

Using a business plan template can make writing a business plan easier. Additionally, if you focus on just getting your information down quickly, with the expectation that you'll revisit and revise your plan, you can speed up and simplify the process .

What are the 5 elements of a business plan?

While there are more than five sections of a business plan, you can group the key elements of a plan into the executive summary, business opportunity, execution, company overview, and financial plan. Thinking of the plan in this way can help you break up the writing process and make tackling each strategic component a separate and focused task.

Can someone write your business plan for you?

If you're still struggling to write your business plan even when using a template, you can look into hiring a professional business plan writer. We even have a free resource to help you ask just the right questions  to make sure you find the right plan writer.

A faster way to plan.

LivePlan is the #1 planning tool for over 1 million businesses.

LivePlan on a computer

Related Resources

template for business plan financials

Explore 500+ Business Plan Examples

template for business plan financials

Try the Planning Software Trusted by 1 Million+ Entrepreneurs

template for business plan financials

Free Step-By-Step Business Planning Guide

Female african american entrepreneur enjoying a calming yoga session, confident they will have a finished business plan created by a professional plan writer.

Work With a Professional Plan Writer

Download your template now

Need to validate your idea, secure funding, or grow your business this template is for you..

We care about your privacy. See our privacy policy .

Your business plan template is ready

Find a download link in your email too.

Edit in Google Docs

Download as Docx

Download as PDF

LivePlan on a computer

Finish your business plan faster

Get an exclusive 7 day free trial to the world's #1 business planning software.

LivePlan screen shots

From template to plan in 30 minutes

  • Step-by-step guidance
  • Crystal clear financials
  • Expert advice at your fingertips
  • Funding & lender ready formats
  • PLUS all the tools to manage & grow

LivePlan pitch example

Discover the world’s #1 plan building software

template for business plan financials

Financial Templates for Your Business Plan

Income statement, balance sheet, cash flow, and more, use the financial statements template to prepare what you need for your business plan..

The financial statements template for each of the major financials will help you create exactly what you need for your business plan.  The links in the left column will help you find exactly which financial statements template you need.

The financial projections of your business plan are very important to investors, lenders, and to you too of course! Yet, many new business owners struggle to understand how to create a pro-forma or projected income statement, statement of cash flow and balance sheet. That’s okay! In this section, you’ll learn what each of these financial statements is about, how they are different, and what they include. If you have some background in accounting or finance, the sections below will give you great guidance on what to include in your business plan and how to present it.

Included in this Section

  • Income Statement
  • Balance Sheet
  • Sources and Uses of Funds

If you are a future business owner without any accounting background, you’ll learn the basics of each type of financial statement so that when you reach for outside help, you won’t be in the dark. Better still, by reading the information below, you’ll gain the confidence to discuss your financial statements with a lender, banker or investor. When making a loan or investment, bankers will want to know that you understand the basics of financial statements. The information, guidelines, examples and templates in the sections below will make sure that you do.

Click any section title in the left column for a detailed description and complete overview of what should be included, mistakes to avoid, and important considerations.

Your business plan needs to include a pro-forma balance sheet, income statement, and cash flow statement. The term “pro-forma” means projected or forecast. Most future business owners who do not have experience with financial statements seek outside help to complete this part of their plan. Whether you plan to prepare your own financials or get outside help, this section is intended to make sure that you know what to include and that you will be well prepared to discuss your financial statements with a banker or investor.

When working on  how to prepare a balance sheet , income statement and statement of cash flow, plan to prepare quarterly projections for year 1, and yearly projections for years 2-3.  Some investors or bankers will expect 5 year projections but that is not as common for startup businesses.  If you’re new to financial statements, here is a brief definition of each type:

Income Statement: Also known as a profit and loss statement. Shows the company’s revenue, expenses, and profit or loss. Key formula: Total Revenue – Total Expenses = Profit or Loss.  This is an important financial statement that you should learn to work with very carefully–it tells you how your business is doing each month. Our financial statements template for profit and loss will help you learn the key concepts.

Balance Sheet:  This financial statement template will help you show the value of the company’s assets, liabilities and owner’s equity. Key equation: Assets = Liabilities + Owner’s Equity. Additionally, when creating your sample balance sheet , understand that this is the only financial statement that applies to a single point in time. It is a “snapshot” at a given point in time, unlike the other financial statements that show activity throughout a period of time. A small business balance sheet should include assets such as: cash, accounts receivable, and inventory.

Statement of Cash Flow:  The statement of cash flow financial statement template maps inflows and outflows of cash. Sales and profit alone don’t tell the whole story. It’s important to know when money will come in and when money will be going out.

There are several key questions to be answered by this section of the plan. Lenders will want to know if the business will be able to repay the loan they are seeking. Investors will want to see if the longer-term growth trends represent a good investment for them. Both lenders and investors will want to see that the business is sufficiently capitalized so that it doesn’t run out of money, and how fast the business can reach break-even and become profitable.

Business Plan Outline for Financials:

  • 3-Year Pro-Forma Income Statement
  • Balance Sheet at the end of Years 1, 2 and 3
  • 3-Year Pro-Forma Statement of Cash Flow
  • Capitalization (Sources and Uses of Funds)

Important Considerations

Historical financial statements are different from those presented in a business plan. Historical financial statements report on a business’s actual financial performance and are used, in part, to prepare income taxes. They must take into account tax laws regarding depreciation, revenue recognition and other matters. While the financial statements for a business plan must be thorough, they are used for different purposes and require a different level of detail.

There are two overarching considerations for your pro-forma financial statements: First, they must match what you say in your business plan. Everything referenced in the text of the business plan must be included in the financial statements. For example, if the business plan says that there will be 15 people on the payroll at the end of the first year, the payroll section of the income statement must show the payroll expense for 15 people at month 12. If your marketing section says there will be an advertising blitz just prior to the holidays, then the marketing expense line of your income statement must reflect that. Everything must match up.

The second overarching consideration for your financial projections is, “How reasonable are your expectations?” Since nobody knows if your forecasts are accurate, you will need to emphasize how reasonable they are. Here are three examples of trouble signs from financial statements from business plans we have reviewed (critiques are shown in italics):

  • A company was applying for a business loan from a bank. The income statement forecasted that the business would still be losing money in three years. It was not reasonable to expect a bank to lend money to this business when the financial statements projected they would not be able to repay the loan.
  • A start-up was forecasting that their revenue would go from $0 to over $1 billion in 3 years, with an investment of just $250,000. This revenue forecast was not realistic. Not even Google grew that fast in its first three years.
  • A business plan showed profit margins of 50% when the industry average for their type of business was 15%. The profit margins are not reasonable. An experienced lender or investor would recognize that this person either did not have a good handle on operations costs or pricing, or both.

For more information or the specific financial statements template you need, see the specific sections on the Balance Sheet ,  Income Statement  or  Cash Flow Statement .   Or, for a different perspective, see the Wikipedia page on the financial statements template which you can find here .

Ready to complete your business plan in just 1 day?

Click GET STARTED to learn more about our fill-in-the-blank business plan template.  We'll step you through all the details you need to develop a professional business plan in just one day!

Successfully used by thousands of people starting a business and writing a business plan.  It will work for you too!

4 Steps to Creating a Financial Plan for Your Small Business

Rami Ali

When it comes to long-term business success, preparation is the name of the game. And the key to that preparation is a solid financial plan that sets forth a business’s short- and long-term financial goals and how it intends to reach them. Used by company decision-makers and potential partners, investors and lenders, alike, a financial plan typically includes the company’s sales forecast, cash flow projection, expected expenses, key financial metrics and more. Here is what small businesses should understand to create a comprehensive financial plan of their own.

What Is a Financial Plan?

A financial plan is a document that businesses use to detail and manage their finances, ensure efficient allocation of resources and inform a plethora of decisions — everything from setting prices, to expanding the business, to optimizing operations, to name just a few. The financial plan provides a clear understanding of the company’s current financial standing; outlines its strategies, goals and projections; makes clear whether an idea is sustainable and worthy of investment; and monitors the business’s financial health as it grows and matures. Financial plans can be adjusted over time as forecasts become replaced with real-world results and market forces change.

A financial plan is an integral part of an overall business plan, ensuring financial objectives align with overall business goals. It typically contains a description of the business, financial statements, personnel plan, risk analysis and relevant key performance indicators (KPIs) and ratios. By providing a comprehensive view of the company’s finances and future goals, financial plans also assist in attracting investors and other sources of funding.

Key Takeaways

  • A financial plan details a business’s current standing and helps business leaders make informed decisions about future endeavors and strategies.
  • A financial plan includes three major financial statements: the income statement, balance sheet and cash flow statement.
  • A financial plan answers essential questions and helps track progress toward goals.
  • Financial management software gives decision-makers the tools they need to make strategic decisions.

Why Is a Financial Plan Important to Your Small Business?

A financial plan can provide small businesses with greater confidence in their short- and long-term endeavors by helping them determine ways to best allocate and invest their resources. The process of creating the plan forces businesses to think through how different decisions could impact revenue and which occasions call for dipping into reserve funds. It’s also a helpful tool for monitoring performance, managing cash flow and tracking financial metrics.

Simply put, a financial plan shows where the business stands; over time, its analysis will reveal whether its investments were worthwhile and worth repeating. In addition, when a business is courting potential partners, investors and lenders, the financial plan spotlights the business’s commitment to spending wisely and meeting its financial obligations.

Benefits of a Financial Plan

A financial plan is only as effective as the data foundation it’s built on and the business’s flexibility to revisit it amid changing market forces and demand shifts. Done correctly, a financial plan helps small businesses stay on track so they can reach their short-term and long-term goals. Among the benefits that effective financial planning delivers:

  • A clear view of goals and objectives: As with any type of business plan, it’s imperative that everyone in a company is on the same financial page. With clear responsibilities and expected results mapped out, every team member from the top down sees what needs to be done, when to do it and why.
  • More accurate budgets and projections: A comprehensive financial plan leads to realistic budgets that allocate resources appropriately and plan for future revenue and expenses. Financial projections also help small businesses lay out steps to maintain business continuity during periods of cash flow volatility or market uncertainty.
  • External funding opportunities: With a detailed financial plan in hand, potential partners, lenders and investors can see exactly where their money will go and how it will be used. The inclusion of stellar financial records, including past and current liabilities, can also assure external funding sources that they will be repaid.
  • Performance monitoring and course correction: Small businesses can continue to benefit from their financial plans long after the plan has been created. By continuously monitoring results and comparing them with initial projections, businesses have the opportunity to adjust their plans as needed.

Components of a Small Business Financial Plan

A sound financial plan is instrumental to the success and stability of a small business. Whether the business is starting from scratch or modifying its plan, the best financial plans include the following elements:

Income statement: The income statement reports the business’s net profit or loss over a specific period of time, such a month, quarter or year. Also known as a profit-and-loss statement (P&L) or pro forma income statement, the income statement includes the following elements:

  • Cost of goods sold (COGS): The direct costs involved in producing goods or services.
  • Operating expenses: Rent, utilities and other costs involved in running the business.
  • Revenue streams: Usually in the form of sales and subscription services, among other sources.
  • Total net profit or loss: Derived from the total amount of sales less expenses and taxes.

Balance sheet: The balance sheet reports the business’s current financial standing, focusing on what it owns, what it owes and shareholder equity:

  • Assets: Available cash, goods and other owned resources.
  • Liabilities: Amounts owed to suppliers, personnel, landlords, creditors, etc.

Shareholder equity: Measures the company’s net worth, calculated with this formula:

Shareholder Equity = Assets – Liability

The balance sheet lists assets, liabilities and equity in chart format, with assets in the left column and liabilities and equity on the right. When complete — and as the name implies —the two sides should balance out to zero, as shown on the sample balance sheet below. The balance sheet is used with other financial statements to calculate business financial ratios (discussed soon).

Balance Sheet

Cash flow projection: Cash flow projection is a part of the cash flow statement , which is perhaps one of the most critical aspects of a financial plan. After all, businesses run on cash. The cash flow statement documents how much cash came in and went out of the business during a specific time period. This reveals its liquidity, meaning how much cash it has on hand. The cash flow projection should display how much cash a business currently has, where it’s going, where future cash will come from and a schedule for each activity.

Personnel plan: A business needs the right people to meet its goals and maintain a healthy cash flow. A personnel plan looks at existing positions, helps determine when it’s time to bring on more team members and determines whether new hires should be full-time, part-time or work on a contractual basis. It also examines compensation levels, including benefits, and forecasts those costs against potential business growth to gauge whether the potential benefits of new hires justify the expense.

Business ratios: In addition to a big-picture view of the business, decision-makers will need to drill down to specific aspects of the business to understand how individual areas are performing. Business ratios , such as net profit margin, return on equity, accounts payable turnover, assets to sales, working capital and total debt to total assets, help evaluate the business’s financial health. Data used to calculate these ratios come from the P&L statement, balance sheet and cash flow statement. Business ratios contextualize financial data — for example, net profit margin shows the profitability of a company’s operations in relation to its revenue. They are often used to help request funding from a bank or investor, as well.

Sales forecast: How much will you sell in a specific period? A sales forecast needs to be an ongoing part of any planning process since it helps predict cash flow and the organization’s overall health. A forecast needs to be consistent with the sales number within your P&L statement. Organizing and segmenting your sales forecast will depend on how thoroughly you want to track sales and the business you have. For example, if you own a hotel and giftshop, you may want to track separately sales from guests staying the night and sales from the shop.

Cash flow projection: Perhaps one of the most critical aspects of your financial plan is your cash flow statement . Your business runs on cash. Understanding how much cash is coming in and when to expect it shows the difference between your profit and cash position. It should display how much cash you have now, where it’s going, where it will come from and a schedule for each activity.

Income projections: Businesses can use their sales forecasts to estimate how much money they are on track to make in a given period, usually a year. This income projection is calculated by subtracting anticipated expenses from revenue. In some cases, the income projection is rolled into the P&L statement.

Assets and liabilities: Assets and liabilities appear on the business’s balance sheet. Assets are what a company owns and are typically divided into current and long-term assets. Current assets can be converted into cash within a year and include stocks, inventory and accounts receivable. Long-term assets are tangible or fixed assets designed for long-term use, such as furniture, fixtures, buildings, machinery and vehicles.

Liabilities are business obligations that are also classified as current and long-term. Current liabilities are due to be paid within a year and include accrued payroll, taxes payable and short-term loans. Long-term liabilities include shareholder loans or bank debt that mature more than a year later.

Break-even analysis: The break-even point is how much a business must sell to exactly cover all of its fixed and variable expenses, including COGS, salaries and rent. When revenue exceeds expenses, the business makes a profit. The break-even point is used to guide sales revenue and volume goals; determination requires first calculating contribution margin , which is the amount of sales revenue a company has, less its variable costs, to put toward paying its fixed costs. Businesses can use break-even analyses to better evaluate their expenses and calculate how much to mark up its goods and services to be able to turn a profit.

Four Steps to Create a Financial Plan for Your Small Business

Financial plans require deliberate planning and careful implementation. The following four steps can help small businesses get started and ensure their plans can help them achieve their goals.

Create a strategic plan

Before looking at any numbers, a strategic plan focuses on what the company wants to accomplish and what it needs to achieve its goals. Will it need to buy more equipment or hire additional staff? How will its goals affect cash flow? What other resources are needed to meet its goals? A strategic financial plan answers these questions and determines how the plan will impact the company’s finances. Creating a list of existing  expenses  and assets is also helpful and will inform the remaining financial planning steps.

Create financial projections

Financial projections should be based on  anticipated expenses and sales forecasts . These projections look at the business’s goals and estimate the costs needed to reach them in the face of a variety of potential scenarios, such as best-case, worst-case and most likely to happen. Accountants may be brought in to review the plan with stakeholders and suggest how to explain the plan to external audiences, such as investors and lenders.

Plan for contingencies

Financial plans should use data from the cash flow statement and balance sheet to inform worst-case scenario plans, such as when incoming cash dries up or the business takes an unexpected turn. Some common contingencies include keeping cash reserves or a substantial line of credit for quick access to funds during slow periods. Another option is to produce a plan to sell off assets to help break even.

Monitor and compare goals

Actual results in the cash flow statement, income projections and relevant business ratios should be analyzed throughout the year to see how closely real-life results adhered to projections. Regular check-ins also help businesses spot potential problems before they can get worse and inform course corrections.

Three Questions Your Financial Plan Should Answer

A small business financial plan should be tailored to the needs and expectations of its intended audience, whether it is potential investors, lenders, partners or internal stakeholders. Once the plan is created, all parties should, at minimum, understand:

How will the business make money?

What does the business need to achieve its goals?

What is the business’s  operating budget ?

Financial plans that don’t answer these questions will need more work. Otherwise, a business risks starting a new venture without a clear path forward, and decision-makers will lack the necessary insights that a detailed financial plan would have provided.

Improve Your Financial Planning With Financial Management Software

Using spreadsheets for financial planning may get the job done when a business is first getting started, but this approach can quickly become overwhelming, especially when collaborating with others and as the business grows.

NetSuite’s cloud-based financial management platform simplifies the labor-intensive process through automation. NetSuite Planning and Budgeting automatically consolidates real-time data for analysis, reporting and forecasting, thereby improving efficiency. With intuitive dashboards and sophisticated forecasting tools, businesses can create accurate financial plans, track progress and modify strategies in order to achieve and maintain long-term success. The solution also allows for scenario planning and workforce planning, plus prebuilt data synchronization with NetSuite ERP means the entire business is working with the same up-to-date information.

Whether a business is first getting started, looking to expand, trying to secure outside funding or monitoring its growth, it will need to create a financial plan. This plan lays out the business’s short- and long-term objectives, details its current and projected finances, specifies how it will invest its resources and helps track its progress. Not only does a financial plan guide the business along its way, but it is typically required by outside sources of funding that don’t invest or lend their money to just any company. Creating a financial plan may take some time, but successful small businesses know it is well worth the effort.

#1 Cloud Accounting Software

Small Business Financial Plan FAQs

How do I write a small business financial plan?

Writing a small business financial plan is a four-step process. It begins with creating a strategic plan, which covers the company’s goals and what it needs to achieve them. The next step is to create financial projections, which are dependent on anticipating sales and expenses. Step three plans for contingencies: For example, what if the business were to lose a significant client? Finally, the business must monitor its goals, comparing actual results to projections and adjusting as needed.

What is the best financial statement for a small business?

The income statement, also known as the profit and loss (P&L) statement, is often considered the most important financial statement for small businesses, as it summarizes profits and losses and the business’s bottom line over a specific financial period. For financial plans, the cash flow statement and the balance sheet are also critical financial statements.

How often should businesses update their financial plans?

Financial plans can be updated whenever a business deems appropriate. Many businesses create three- and five-year plans and adjust them annually. If a market experiences a large shift, such as a spike in demand or an economic downturn, a financial plan may need to be updated to reflect the new market.

What are some common mistakes to avoid when creating a small business financial plan?

Some common mistakes to avoid when creating a small business financial plan include underestimating expenses, overestimating revenue, failing to plan for contingencies and adhering to plans too strictly when circumstances change. Plans should be regularly updated to reflect real-world results and current market trends.

How do I account for uncertainty and potential risks in my small business financial plan?

Small businesses can plan for uncertainty by maintaining cash reserves and opening lines of credit to cover periods of lower income or high expenses. Plans and projections should also take into account a variety of potential scenarios, from best case to worst case.

What is a typical business financial plan?

A typical business financial plan is a document that details a business’s goals, strategies and projections over a specific period of time. It is used as a roadmap for the organization’s financial activities and provides a framework for decision-making, resource allocation and performance evaluation.

What are the seven components of a financial plan?

Financial plans can vary to suit the business’s needs, but seven components to include are the income statement, operating income, net income, cash flow statement, balance sheet, financial projections and business ratios. Various financial key performance indicators and a break-even analysis are typically included as well.

What is an example of a financial plan?

A financial plan serves as a snapshot of the business’s current standing and how it plans to grow. For example, a restaurant looking to secure approval for a loan will be asked to provide a financial plan. This plan will include an executive summary of the business, a description and history of the company, market research into customer base and competition, sales and marketing strategies, key performance indicators and organizational structure. It will also include elements focusing on the future, such as financial projections, potential risks and funding requirements and strategies.

Financial Management

small business financial plan

Small Business Financial Management: Tips, Importance and Challenges

It is remarkably difficult to start a small business. Only about half stay open for five years, and only a third make it to the 10-year mark. That’s why it’s vital to make every effort to succeed. And one of the most fundamental skills and tools for any small business owner is sound financial management.

More On This

small business financial trouble

Trending Articles

valuation multiples

Learn How NetSuite Can Streamline Your Business

NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices that pave a clear path to success and are proven to deliver rapid business value. With NetSuite, you go live in a predictable timeframe — smart, stepped implementations begin with sales and span the entire customer lifecycle, so there’s continuity from sales to services to support.

Before you go...

Discover the products that 37,000+ customers depend on to fuel their growth.

Before you go. Talk with our team or check out these resources.

Want to set up a chat later? Let us do the lifting.

NetSuite ERP

Explore what NetSuite ERP can do for you.

Business Guide

Complete Guide to Cloud ERP Implementation

Growthink logo white

Free Business Plan Excel Template [Excel Download]

Written by Dave Lavinsky

Growthink's Business Plan Excel Template

A business plan is a roadmap for growing your business. Not only does it help you plan out your venture, but it is required by funding sources like banks, venture capitalists and angel investors.

Download our Ultimate Business Plan Template here >

The body of your business plan describes your company and your strategies for growing it. The financial portion of your plan details the financial implications of your business: how much money you need, what you project your future sales and earnings to be, etc.

Below you will be able to download our free business plan excel template to help with the financial portion of your business plan. You will also learn about the importance of the financial model in your business plan.

Download the template here: Financial Plan Excel Template  

How to Finish Your Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your business plan?

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less! It includes a simple, plug-and-play financial model and a fill-in-the-blanks template for completing the body of your plan.

What’s Included in our Business Plan Excel Template

Our business plan excel template includes the following sections:

Income Statement : A projection of your business’ revenues, costs, and expenses over a specific period of time. Includes sections for sales revenue, cost of goods sold (COGS), operating expenses, and net profit or loss.

Example 5 Year Annual Income Statement

Cash Flow Statement : A projection of your business’ cash inflows and outflows over a specific period of time. Includes sections for cash inflows (such as sales receipts, loans, and investments), cash outflows (such as expenses, salaries, and loan repayments), and net cash flow.

Example 5 Year Annual Cash Flow Statement

Balance Sheet : A snapshot of your business’ financial position at a specific point in time. Includes sections for assets (such as cash, inventory, equipment, and property), liabilities (such as loans, accounts payable, and salaries payable), and owner’s equity (such as retained earnings and capital contributions).

Example 5 Year Annual Balance Sheet

Download the template here: Business Plan Excel Template 

The template is easy to customize according to your specific business needs. Simply input your own financial data and projections, and use it as a guide to create a comprehensive financial plan for your business. Remember to review and update your financial plan regularly to track your progress and make informed financial decisions.

Finish Your Business Plan Today!

The importance of the financial model in your business plan.

A solid financial model is a critical component of any well-prepared business plan. It provides a comprehensive and detailed projection of your business’ financial performance, including revenue, expenses, cash flow, and profitability. The financial model is not just a mere set of numbers, but a strategic tool that helps you understand the financial health of your business, make informed decisions, and communicate your business’ financial viability to potential investors, lenders, and other stakeholders. In this article, we will delve into the importance of the financial model in your business plan.

  • Provides a roadmap for financial success : A well-structured financial model serves as a roadmap for your business’ financial success. It outlines your revenue streams, cost structure, and cash flow projections, helping you understand the financial implications of your business strategies and decisions. It allows you to forecast your future financial performance, set financial goals, and measure your progress over time. A comprehensive financial model helps you identify potential risks, opportunities, and areas that may require adjustments to achieve your financial objectives.
  • Demonstrates financial viability to stakeholders : Investors, lenders, and other stakeholders want to see that your business is financially viable and has a plan to generate revenue, manage expenses, and generate profits. A robust financial model in your business plan demonstrates that you have a solid understanding of your business’ financials and have a plan to achieve profitability. It provides evidence of the market opportunity, pricing strategy, sales projections, and financial sustainability. A well-prepared financial model increases your credibility and instills confidence in your business among potential investors and lenders.
  • Helps with financial decision-making : Your financial model is a valuable tool for making informed financial decisions. It helps you analyze different scenarios, evaluate the financial impact of your decisions, and choose the best course of action for your business. For example, you can use your financial model to assess the feasibility of a new product launch, determine the optimal pricing strategy, or evaluate the impact of changing market conditions on your cash flow. A well-structured financial model helps you make data-driven decisions that are aligned with your business goals and financial objectives.
  • Assists in securing funding : If you are seeking funding from investors or lenders, a robust financial model is essential. It provides a clear picture of your business’ financials and shows how the funds will be used to generate revenue and profits. It includes projections for revenue, expenses, cash flow, and profitability, along with a breakdown of assumptions and methodology used. It also provides a realistic assessment of the risks and challenges associated with your business and outlines the strategies to mitigate them. A well-prepared financial model in your business plan can significantly increase your chances of securing funding as it demonstrates your business’ financial viability and growth potential.
  • Facilitates financial management and monitoring : A financial model is not just for external stakeholders; it is also a valuable tool for internal financial management and monitoring. It helps you track your actual financial performance against your projections, identify any deviations, and take corrective actions if needed. It provides a clear overview of your business’ cash flow, profitability, and financial health, allowing you to proactively manage your finances and make informed decisions to achieve your financial goals. A well-structured financial model helps you stay on top of your business’ financials and enables you to take timely actions to ensure your business’ financial success.
  • Enhances business valuation : If you are planning to sell your business or seek investors for an exit strategy, a robust financial model is crucial. It provides a solid foundation for business valuation as it outlines your historical financial performance, future projections, and the assumptions behind them. It helps potential buyers or investors understand the financial potential of your business and assess its value. A well-prepared financial model can significantly impact the valuation of your business, and a higher valuation can lead to better negotiation terms and higher returns on your investment.
  • Supports strategic planning : Your financial model is an integral part of your strategic planning process. It helps you align your financial goals with your overall business strategy and provides insights into the financial feasibility of your strategic initiatives. For example, if you are planning to expand your business, enter new markets, or invest in new technologies, your financial model can help you assess the financial impact of these initiatives, including the investment required, the expected return on investment, and the timeline for achieving profitability. It enables you to make informed decisions about the strategic direction of your business and ensures that your financial goals are aligned with your overall business objectives.
  • Enhances accountability and transparency : A robust financial model promotes accountability and transparency in your business. It provides a clear framework for setting financial targets, measuring performance, and holding yourself and your team accountable for achieving financial results. It helps you monitor your progress towards your financial goals and enables you to take corrective actions if needed. A well-structured financial model also enhances transparency by providing a clear overview of your business’ financials, assumptions, and methodologies used in your projections. It ensures that all stakeholders, including investors, lenders, employees, and partners, have a clear understanding of your business’ financial performance and prospects.

In conclusion, a well-prepared financial model is a crucial component of your business plan. It provides a roadmap for financial success, demonstrates financial viability to stakeholders, helps with financial decision-making, assists in securing funding, facilitates financial management and monitoring, enhances business valuation, supports strategic planning, and enhances accountability and transparency in your business. It is not just a set of numbers, but a strategic tool that helps you understand, analyze, and optimize your business’ financial performance. Investing time and effort in creating a comprehensive and robust financial model in your business plan is vital for the success of your business and can significantly increase your chances of achieving your financial goals.

Growthink logo white

  • Integrations
  • Real Estate
  • Legality Guide
  • Signature Generator
  • Get Started Now — It’s Free!
  • Sign Up for Free

Business Plan Financial Template

Business Plan Financial Template

A business plan financial template is used by companies and organizations to outline expected costs and profits for the coming years. Jotform Sign ’s free Business Plan Financial template includes space for you to write your company’s vision and mission statements, as well as fill out projected start-up costs, revenue, and expenses. Once you’re finished, simply e-sign at the bottom and automatically receive a finalized document in your inbox to share with investors and upper management.

Customizing this Business Plan Financial template is easy with Jotform Sign’s powerful online builder. You don’t need any coding or design knowledge — simply drag and drop to add or edit form fields, update the company overview section, include your company’s branding, change fonts and colors, and make other cosmetic changes.

More templates like this

Retainer Agreement - Sign Templates

Retainer Agreement

A retainer agreement is used by a consultant or consultancy firm in order to keep an existing client and continue providing them services. This document may be used when an individual wants to keep their current attorney as legal counsel for another term. Using this ready-made Retainer Agreement template, you can quickly and easily draft up retainer agreements, collect e-signatures, and turn the finalized documents into PDFs.Need to update this template to better match your needs? Jotform Sign makes it easy. Add your logo, update the terms of the agreements, change fonts and colors to better match your branding, and more in seconds with our drag-and-drop builder. You can even add a signing order to your Retainer Agreement to forward the document to each signer automatically!

Code of Conduct Template - Sign Templates

Code of Conduct Template

A Code of Conduct for employees is a set of guidelines and expectations that outline the ethical and professional behavior that is expected of employees in the workplace. It provides a framework for decision-making and behavior in a variety of situations and helps to establish a culture of integrity and responsibility. The Code of Conduct for employees should be communicated clearly to all employees and should be reviewed and updated periodically to ensure that it remains relevant and effective. Jotform Sign’s free Code of Conduct Template makes it easy to include your company’s vision and mission statements, add sections according to your needs, review and update your document, and more. Once you’re satisfied, you can share the document with your employees via email, and when they sign it, you’ll automatically receive a finalized PDF in your inbox.Make this Code of Conduct template your own with our powerful online form builder — no coding required! Simply drag and drop to add or edit form fields, include your company’s branding, change fonts and colors, and more. You can even integrate with helpful widgets like Google Drive to keep your employee files in one place. Let your employees know what’s expected of them easily with Jotform Sign’s Code of Conduct template.

Cancellation Policy Template - Sign Templates

Cancellation Policy Template

A Cancellation Policy is a set of rules and guidelines that dictate the terms and conditions under which a booking, reservation, or order can be canceled by either the customer or the provider. Cancellation policies typically outline the amount of time before the start of the booking during which cancellations are allowed, the amount of any fees or penalties that may apply, and the circumstances under which cancellations may be permitted. Easily create your own Cancellation Policy e-signature form with Jotform.Need to customize this Cancellation Policy template to better match your needs? Jotform Sign makes it easy. Add your logo, update the terms of the agreements, change fonts and colors to better match your branding, and more in just seconds with our drag-and-drop builder. You can even add a signing order to your Cancellation Policy to forward the document to each signer automatically!

These templates are suggested forms only. If you're using a form as a contract, or to gather personal (or personal health) info, or for some other purpose with legal implications, we recommend that you do your homework to ensure you are complying with applicable laws and that you consult an attorney before relying on any particular form.

  • Sign Templates /
  • Business Plan /

Simple Business Plan Templates

Plans, strategies, roadmaps – Businesses rely on these things to gain perspective on what’s about to happen. Milestones laid down in strategic and careful planning for growth and expansion, visions of where the company’s headed 10 years from now, goals that should meet timelines, all these require a smart, prudent and calculated planning.

Whether you’re a startup, an SMB, or close to a Fortune 500, a solid business plan is crucial. And of course, writing business plans is a huge task. But, what if you needed something that requires input from others though? Say, an online form or a PDF template where responses from your colleagues and managers matter? Well, here’s a collection of Sign Templates for business planning.

These are beautifully designed templates, specifically tailored for businesses and companies who don’t know where to start. The hard part was already done and that’s designing the template. These will serve as boilerplates for whatever milestone your business needs. You won’t need to worry on building something from scratch, you just need to focus on the content. Some of these templates will contain or collect executive summaries, opportunities, expectations, execution, financial plans, forecasts, the whole nine yards.

Business plan templates help give a clear vision of what lies ahead. They help you get things organized, planned out, and help you check off items from your to-do list more efficiently.

Create retainer agreements online. Free, easy-to-customize template. Fill out on any device. Collect e-signatures. Save time with automation tools.

Business Plan Financial Template - Sign Templates

Create a business plan financial template with Jotform Sign. Drag and drop to customize. Fill out and e-sign from any smartphone, tablet, or desktop.

Create a professional code of conduct to send to your employees. Can be signed from any smartphone, tablet, or computer. Easy to customize and share. No coding.

Create a professional cancellation policy form. Collect e-signatures. Works on smartphone, tablet, and desktop devices. No coding required. Free to use.

Data Security Policy - Sign Templates

Data Security Policy

Create a professional data security policy for your company. Fill out and sign from any smartphone, tablet, or computer. Easy to customize. No coding.

Event Marketing Plan Template - Sign Templates

Event Marketing Plan Template

Create a custom event marketing plan with Jotform. Drag and drop to edit form fields and customize branding. Automated signing order available. No coding.

Risk Management Plan Template - Sign Templates

Risk Management Plan Template

Create a free risk management plan to send to your team members. Can be signed online from any device. Easy to customize and share. No coding required.

What are the seven parts of a business plan?

  • Executive summary. This is an overview of your business plan. The executive summary should include your company’s offerings, mission, goals, and projections. Think of it as the elevator pitch for your business plan. If you can’t get investors interested here, it’s unlikely they’ll want to keep reading.
  • Company description and history. Describe your business’s legal structure and history in addition to what you do. If you just started this business, you may replace company history with your leadership team’s experience. The purpose of this section is to explain the company structure and build confidence in the people running the company.
  • Products and services. Talk about what your company offers, whether that’s products, services, or a combination of the two. Describe your products and services in detail. Explain what makes your offering unique, what your profit margins are, what kind of demand you’re seeing for it, etc.
  • Market and competitor research. Investors want to know if there’s demand for your offering. Describe the target market and how your product or service benefits potential customers. Include projections of where the industry is headed over the next few years. Additionally, detail your competitors and how saturated the market is.
  • Sales and marketing strategy. This part of the business plan explains how you’ll promote your product. Outline elements such as your ideal customer profile (ICP) as well as your marketing channels, budget, and methods.
  • Operations and logistics. Explain how you’ll source materials if you sell products as well as the technology you need to deliver such products and services. Also, provide details about your team, like how many people you’ll need and how you’ll manage employees.
  • Financial plan and projections. It’s crucial to prove that your business will be financially viable. For this, you’ll need revenue and expense projections. Many investors want to see sample account statements, balance sheets, and cash flow projections.

How do you write a business plan?

Your business plan should be a realistic roadmap that helps you build a successful company. When writing it, take a balanced approach so that you’re not blind to the potential pitfalls and risks. You’ll draft each of the seven sections previously discussed.

Tackling these sections can be overwhelming, so some people like to start with a one-page business plan that includes short paragraphs for each element. Another way to give yourself a head start is by working from a business plan template. Once you have a good start, you can expand each section to make a compelling case for your business.

Can I write a business plan myself?

Yes, you can. However, depending on your writing experience and goals, you may want outside help. If the business plan is for internal use with the purpose of improving business functions, you’ll likely be OK tackling it alone. But if you’re trying to secure funding from a bank or investors, a professional business plan writer can give you a leg up.

Even if you decide to do it yourself, have a trusted friend or business mentor review your plan and provide feedback. An objective point of view will help you refine your work.

What are the four types of business plans?

  • One-page or mini business plan. The one-page option is a great way to improve the focus of your business plan and highlight the essential elements. It can be an effective way to workshop your company’s plan or quickly give others a rundown of your entire business.
  • Traditional business plan. The traditional business plan is more in-depth than its one-page counterpart and will be more thorough in each section (often, plans exceed 40 pages). For example, it may contain detailed financials, branding samples, and competitive research documents.
  • Business model canvas (BMC). The business model canvas is a more visual representation of your business architecture. It includes sections for infrastructure, offering, customers, finances, etc. Many businesses find the BMC appealing since it can be summarized in a single page.
  • Strategic business plan. The strategic business plan can have different purposes, like proving feasibility, discussing planning operations, or projecting growth. It will outline the company’s goals, its strategy for reaching them, and the company structure. The main difference between this and the traditional plan is its focus on specific strategic initiatives.

What are the common mistakes in business plans?

  • Poor writing. Sloppy writing may suggest that you’re not serious about your business or you lack the needed professionalism.
  • Unrealistic expectations. While you should be optimistic about your business, if your financial projections reflect your hopes more than reality, people may hesitate to back your business.
  • Lack of supporting documentation. People reviewing your business plan want to see how you back up your claims. You can include research docs, sample financials, and estimates to make your case.
  • Failing to define the target audience. For a successful marketing plan, you need to define your target audience. Investors and financial institutions need to see if you’re confident about who you’re selling to.
  • Unbalanced. It’s important to lay out the risks and potential upsides. This analysis shows investors that you’re considering the whole picture regarding your business.

Your account is currently limited to {formLimit} forms.

Go to My Forms and delete an existing form or upgrade your account to increase your form limit.

Process Street

Business Plan Financial Projections Template

Identify financial requirements and objectives, draft projected income statement, detail projected balance sheet, calculate projected cash flow statement, apply appropriate financial ratios analysis.

  • 1 Current Ratio
  • 2 Gross Profit Margin
  • 3 Return on Investment
  • 4 Debt-to-Equity Ratio
  • 5 Inventory Turnover

Adjust for inflation rate predictions

Consider the impact of business growth on financial projections, check cost assumptions for products and services, investigate potential risks and variables in the financial projection, approval: financial analyst for initial review.

  • Draft projected income statement Will be submitted
  • Detail projected balance sheet Will be submitted
  • Calculate projected cash flow statement Will be submitted
  • Apply appropriate financial ratios analysis Will be submitted
  • Adjust for inflation rate predictions Will be submitted
  • Consider the impact of business growth on financial projections Will be submitted
  • Check cost assumptions for products and services Will be submitted
  • Investigate potential risks and variables in the financial projection Will be submitted

Incorporate feedback and modify financial projections accordingly

Cross-check with industry standards and competitor analysis, analyse break-even point and profitability metrics, compile final draft of financial projections, approval: ceo review and validation of final draft.

  • Incorporate feedback and modify financial projections accordingly Will be submitted
  • Cross-check with industry standards and competitor analysis Will be submitted
  • Analyse break-even point and profitability metrics Will be submitted
  • Compile final draft of financial projections Will be submitted

Send financial projections for external auditing

Conduct scenario analysis for best-case, worst-case, and most likely outcomes, discuss and finalize plan with key stakeholders, approval: board of directors.

  • Send financial projections for external auditing Will be submitted
  • Conduct scenario analysis for best-case, worst-case, and most likely outcomes Will be submitted
  • Discuss and finalize plan with key stakeholders Will be submitted

Implement financial projections into overall business plan

Take control of your workflows today., more templates like this.

Financial management

Keeping your finances in check is easy to start-and maintain- when you use an excel budget planning template in your financial management routine. customize an excel template to suit your unique financial management needs, whether you're balancing the books of a small business or keeping track of your household budget..

template for business plan financials

Budget your personal and business finances using these templates

Manage your finances using Excel templates. Stay on track for your personal and business goals by evaluating your income and expenses. Use these templates to add in pie charts and bar graphs so that you can visualize how your finances change over time. Create infographics that show what categories are included in your budget and the types of factors that incorporate each category. Download your financial management template so that you can access it and edit it as you need.

Free Financial Projection and Forecasting Templates

By Andy Marker | January 3, 2024

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn

Link copied

We’ve collected the top free financial projection and forecasting templates. These templates enable business owners, CFOs, accountants, and financial analysts to plan future growth, manage cash flow, attract investors, and make informed decisions.  On this page, you'll find many helpful, free, customizable financial projection and forecasting templates, including a  1 2-month financial projection template , a  startup financial projection template , a  3-year financial projection template , and a  small business financial forecast template , among others. You’ll also find details on the  elements in a financial projection template ,  types of financial projection and forecasting templates , and  related financial templates .

Simple Financial Projection Template

Simple Financial Projection Example Template

Download a Sample Simple Financial Projection Template for 

Excel | Google Sheets  

Download a Blank Simple Financial Projection Template for 

Excel | Google Sheets    

Small business owners and new entrepreneurs are the ideal users for this simple financial projection template. Just input your expected revenues and expenses. This template stands out due to its ease of use and focus on basic, straightforward financial planning, making it perfect for small-scale or early-stage businesses. Available with or without sample text, this tool offers clear financial oversight, better budget management, and informed decision-making regarding future business growth. 

Looking for help with your business plan? Check out these  free financial templates for a business plan to streamline the process of organizing your business's financial information and presenting it effectively to stakeholders.

Financial Forecast Template

Financial Forecast Example Template

Download a Sample Financial Forecast Template for 

Download a Blank Financial Forecast Template for 

This template is perfect for businesses that require a detailed and all-encompassing forecast. Users can input various financial data, such as projected revenues, costs, and market trends, to generate a complete financial outlook. Available with or without example text, this template gives you a deeper understanding of your business's financial trajectory, aiding in strategic decision-making and long-term financial stability. 

These  free cash-flow forecast templates help you predict your business’s future cash inflows and outflows, allowing you to manage liquidity and optimize financial planning.

12-Month Financial Projection Template

12-Month Financial Projection Example Template

Download a Sample 12-Month Financial Projection Template for 

Download a Blank 12-Month Financial Projection Template for 

Use this 12-month financial projection template for better cash-flow management, more accurate budgeting, and enhanced readiness for short-term financial challenges and opportunities. Input estimated monthly revenues and expenses, tracking financial performance over the course of a year. Available with or without sample text, this template is ideal for business owners who need to focus on short-term financial planning. This tool allows you to respond quickly to market shifts and plan effectively for the business's crucial first year. 

Download  free sales forecasting templates to help your business predict future sales, enabling better inventory management, resource planning, and decision-making.

Startup Financial Projection Template

Startup Financial Projection Example Template

Download a Sample Startup Financial Projection Template for 

Download a Blank Startup Financial Projection Template for 

This dynamic startup financial projection template is ideal for startup founders and entrepreneurs, as it's designed specifically for the unique needs of startups. Available with or without example text, this template focuses on clearly outlining a startup's initial financial trajectory, an essential component for attracting investors. Users can input projected revenues, startup costs, and funding sources to create a comprehensive financial forecast.

3-Year Financial Projection Template

3-Year Financial Projection Example Template

Download a Sample 3-Year Financial Projection Template for 

Download a Blank 3-Year Financial Projection Template for 

This three-year financial projection template is particularly useful for business strategists and financial planners who are looking for a medium-term financial planning tool. Input data such as projected revenues, expenses, and growth rates for the next three years. Available with or without sample text, this template lets you anticipate financial challenges and opportunities in the medium term, aiding in strategic decision-making and ensuring sustained business growth.

5-Year Financial Forecasting Template

5-Year Financial Forecasting Example Template

Download a Sample 5-Year Financial Forecasting Template for 

Download a Blank 5-Year Financial Forecasting Template for 

CFOs and long-term business planners can use this five-year financial forecasting template to get a clear, long-range financial vision. Available with or without example text, this template allows you to plan strategically and invest wisely, preparing your business for future market developments and opportunities. This unique tool offers an extensive outlook for your business’s financial strategy. Simply input detailed financial data spanning five years, including revenue projections, investment plans, and expected market growth. Visually engaging bar charts of key metrics help turn data into engaging narratives.

Small Business Financial Forecast Template

Small Business Financial Forecast Example Template

Download a Sample Small Business Financial Forecast Template for 

Download a Blank Small Business Financial Forecast Template for 

Excel | Google Sheets 

The small business financial forecast template is tailored specifically for the scale and specific requirements of small enterprises. Business owners and financial managers can simply input data such as projected sales or expenses. Available with or without sample text, this tool offers the ability to do the following: envision straightforward financial planning; anticipate future financial needs and challenges; make informed decisions; and steer the business toward steady growth.

Elements in a Financial Projection Template

The elements in a financial projection template include future sales, costs, profits, and cash flow. This template illustrates expected receivables, payables, and break-even dates. This tool helps you plan for your business's financial future and growth.   

Here are the standard elements in a financial projection template:   

  • Revenue Projection: This estimates future income from various sources over a specific period.
  • Expense Forecast: This predicts future costs, including both fixed and variable expenses.
  • Profit and Loss Forecast:  This projects the profit or loss by subtracting projected expenses from projected revenues.
  • Cash-Flow Projection: This assesses the inflows and outflows of cash, indicating liquidity over time.
  • Balance Sheet Projection: This predicts the future financial position, showing assets, liabilities, and equity.
  • Break-Even Analysis: This calculates the point at which total revenues equal total costs.
  • Capital Expenditure Forecast: This estimates future spending on fixed assets such as equipment or property.
  • Debt Repayment Plan: This outlines the schedule for paying back any borrowed funds.
  • Sales Forecast:  This predicts future sales volume, often broken down by product or service.
  • Gross Margin Analysis:  This looks at the difference between revenue and cost of goods sold.

Types of Financial Projection and Forecasting Templates

There are many types of financial projection and forecasting templates: basic templates for small businesses; detailed ones for big companies; special ones for startup businesses; and others. There are also sales forecasts, cash-flow estimates, and profit and loss projections. 

In addition, financial projection and forecasting templates include long-term planning templates, break-even analyses, budget forecasts, and templates made for specific industries such as retail or manufacturing. 

Each template serves different financial planning needs. Determine which one best suits your requirements based on the scale of your business, the complexity of its financial structure, and the specific department that you want to analyze.

Here's a list of the top types of financial projection and forecasting templates:  

  • Basic Financial Projection Template: Ideal for small businesses or startups, this template provides a straightforward approach to forecasting revenue, expenses, and cash flow.
  • Detailed Financial Projection Template: Best for larger businesses or those with complex financial structures, this template offers in-depth projections, including balance sheets, income statements, and cash-flow statements.
  • Startup Financial Projection Template: Tailored for startups, this template focuses on funding requirements and early-stage revenue forecasts, both crucial for attracting investors and planning initial operations. 
  • Sales Forecasting Template:  Used by sales and marketing teams to predict future sales, this template helps you set targets and plan marketing strategies. 
  • Cash-Flow Forecast Template: Essential for financial managers who need to monitor the liquidity of the business, this template projects cash inflows and outflows over a period. 
  • Profit and Loss Forecast Template (P&L):  Useful for business owners and financial officers who need to anticipate profit margins, this template enables you to forecast revenues and expenses.  
  • Three-Year / Five-Year Financial Projection Template: Suitable for long-term business planning, these templates provide a broader view of your company’s financial future, improving your development strategy and investor presentations. 
  • Break-Even Analysis Template:  Used by business strategists and financial analysts, this template helps you determine when your business will become profitable. 
  • Budget Forecasting Template:  Designed for budget managers, this template uses historical financial data to help you plan your future spending. 
  • Sector-Specific Financial Projection Template:  Designed for specific industries (such as retail or manufacturing), these templates take into account industry-specific factors and benchmarks.

Related Financial Templates

Check out this list of free financial templates related to financial projections and forecasting. You'll find templates for budgeting, tracking profits and losses, planning your finances, and more. These tools help keep your company’s money matters organized and clear.

Free Project Budget Templates

Simple Budget Plan Template

Use one of these  project budget templates to maintain control over project finances, ensuring costs stay aligned with the allocated budget and improving overall financial management.

Free Monthly Budget Templates

template for business plan financials

Use one of these  monthly budget templates to effectively track and manage your business’s income and expenses, helping you plan financially and save money.

Free Expense Report Templates

Simple Expense Report Template

Use one of these  expense report templates to systematically track and document all business-related expenditures, ensuring accurate reimbursement and efficient financial record-keeping.

Free Balance Sheet Templates

Basic Balance Sheet Template

Use one of these  balance sheet templates to summarize your company's financial position at a given time.

Free Cash-Flow Forecast Templates

Cash Flow Forecast Template

Use one of these  cash-flow forecast templates to predict future cash inflows and outflows, helping you manage liquidity and make informed financial decisions.

Free Cash-Flow Statement Templates

template for business plan financials

Use one of these  cash-flow statement templates to track the movement of cash in and out of your business, so you can assess your company’s level of liquidity and financial stability.

Free Discounted Cash-Flow (DCF) Templates

Sample Discounted Cash Flow Template

Use one of these  discounted cash-flow (DCF) templates to evaluate the profitability of investments or projects by calculating their present value based on future cash flows.

Free Financial Dashboard Templates

Executive Dashboard Template

Use one of these  financial dashboard templates to get an at-a-glance view of key financial metrics, so you can make decisions quickly and manage finances effectively.

Related Customer Stories

Free financial planning templates.

Business Budget Template

Use one of these  financial planning templates to strategically organize and forecast future finances, helping you set realistic financial goals and ensure long-term business growth.

Free Profit and Loss (P&L) Templates

Printable Profit and Loss Statement Template

Use one of these  profit and loss (P&L) templates to systematically track income and expenses, giving you a clear picture of your company's profitability over a specific period.

Free Billing and Invoice Templates

Commercial Invoice

Use one of these  billing and invoice templates to streamline the invoicing process and ensure that you bill clients accurately and professionally for services or products.

Plan and Manage Your Company’s Financial Future with Financial Projection and Forecasting Templates from Smartsheet

Empower your people to go above and beyond with a flexible platform designed to match the needs of your team — and adapt as those needs change. 

The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. 

When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time.  Try Smartsheet for free, today.

Discover why over 90% of Fortune 100 companies trust Smartsheet to get work done.

  • Business Account
  • Business Action Plan
  • Business Activity Plan
  • Business Ad
  • Business Administration
  • Business Administrator
  • Business Advertising
  • Business Advisor
  • Business Agenda
  • Business Agreement
  • Business Analysis
  • Business Analyst
  • Business Analyst Cover Letter
  • Business Analyst Resume

Business Plan Financial Templates

Whether It's a Startup Agency, Bakery, or Restaurant, Planning Your Business' Financials is Important. Get It Done Right with Our Free Business Plan Financial Templates. You Can Outline the Budget of Your Business and Design the Layout for the Breakdown and Balance Sheets. When It Comes to Financials, Template.net is the Answer. Download Now!

Get Access to All  Plan Templates

  • Business Announcement
  • Business Apology Letter
  • Business Appointment Letter
  • Business Associate
  • Business Associate Agreement
  • Business Background
  • Business Banner
  • Business Bi-Fold
  • Business Bill
  • Business Bill of Sale
  • Business Billboard
  • Business Biography
  • Business Book
  • Business Book Cover
  • Business Brochure
  • Business Budget
  • Business Calendar
  • Business Card
  • Business Card Design
  • Business Card Outline
  • Business Card Vector
  • Business Case
  • Business Catalog
  • Business Certificate
  • Business Chart
  • Business Checklist
  • Business Coach
  • Business Coaching
  • Business Conference
  • Business Conference Flyer
  • Business Consultant
  • Business Consulting
  • Business Consulting Contract
  • Business Contingency Plan
  • Business Continuity Plan
  • Business Contract
  • Business Cover
  • Business Datasheet
  • Business Daylight Saving Reminder
  • Business Design
  • Business Desk
  • Business Desk Calendar
  • Business Development
  • Business Development Cover Letter
  • Business Development Plan
  • Business Director
  • Business DL Card
  • Business Email
  • Business Envelope
  • Business Estimate
  • Business Event
  • Business Event Flyer
  • Business Event Invitation
  • Business Example
  • Business Executive
  • Business Expense Budget
  • Business Facebook
  • Business Fax
  • Business FlowChart
  • Business Flyer
  • Business Form
  • Business Gantt Chart
  • Business Gift Certificate
  • Business Growth
  • Business Handbook
  • Business ID Card
  • Business Illustration
  • Business Instagram
  • Business Intelligence
  • Business Introduction Letter
  • Business Inventory
  • Business Investment Agreement
  • Business Invitation
  • Business Invitation Letter
  • Business Invoice
  • Business Itinerary
  • Business Job Description
  • Business Landing Page
  • Business Leaflet
  • Business Letter
  • Business Letter of Intent
  • Business Letterhead
  • Business Linkedin
  • Business List
  • Business Loan
  • Business Loan Agreement
  • Business Logo
  • Business Magazine
  • Business Management
  • Business Manager
  • Business Manager Resume
  • Business Marketing
  • Business Media Kit
  • Business Meeting
  • Business Meeting Invitation
  • Business Meeting Letter
  • Business Meeting Minutes
  • Business Memo
  • Business Mindmap
  • Business Mission
  • Business Networking
  • Business Newsletter
  • Business Operating Agreement
  • Business Organizational Chart
  • Business Page
  • Business Partner
  • Business Partnership
  • Business Partnership Agreement
  • Business Partnership Letter
  • Business Pitch Deck
  • Business Plan
  • Business Plan Financial
  • Business Plan Presentation
  • Business Policy
  • Business Post
  • Business Postcard
  • Business Poster
  • Business Power of Attorney
  • Business Presentation
  • Business Process
  • Business Profile
  • Business Project
  • Business Promotion
  • Business Proposal
  • Business Proposal Letter
  • Business Purchase
  • Business Purchase Agreement
  • Business Quotation
  • Business Rack Card
  • Business Reference
  • Business Relationship Letter
  • Business Reopening
  • Business Report
  • Business Requirements Document
  • Business Resume
  • Business Review
  • Business Roadmap
  • Business Roll Up Banner
  • Business Sale
  • Business Sales
  • Business Save The Date
  • Business Schedule
  • Business School
  • Business Seminar
  • Business Services Flyer
  • Business Signature
  • Business Snapchat
  • Business Solution
  • Business Specialist Resume
  • Business Spreadsheet
  • Business Startup
  • Business Statement
  • Business Story
  • Business Strategy
  • Business Succession Plan
  • Business SWOT Analysis
  • Business Testimonial
  • Business Thank You Card
  • Business Theme
  • Business Timeline
  • Business Training
  • Business Travel
  • Business Tri-Fold
  • Business Tri-Fold Brochure
  • Business Trip
  • Business Twitter
  • Business Vector
  • Business Voucher
  • Business Web
  • Business Webinar
  • Business Whatsapp
  • Business White Paper
  • Business Workshop
  • Business Writer
  • Business Youtube
  • Basic Business
  • Basic Business Card
  • Filmmaker Business Card
  • Formal Business
  • Logistics Business
  • New Business Proposal
  • Personal Business
  • Printable Business Card
  • QR Code Business Card

There’s tons of money involved when it comes to running a business or establishing one. From the costs to the projected profit and loss statement, every business component is expressed in numbers to form a financial business plan. Gathering information and financial statements can take time, and organizing them in the report can be challenging. 

Never miss out on necessary sections and descriptions of your financial plan with a ready-made sample. When you browse through Template.net’s plans, you can find editable professionally written financial goals for your every business — be it a small business or a startup company.

Running a food business? It would not be enough if you got the menu ready for your opening day. With a financial plan, you can think of ways to market your restaurant business or a new cafe to reach your projected financial goals. If you’re a financial expert, you can also start planning your own startup business and identify the costs and expenses in a financial advisor business plan.

Save time writing with simple premade financial plans on Template.net. The sample financial plans are downloadable and editable in Microsoft Word and Google Docs. When you don’t have any text editing format, you can open Template.net’s online workspace to create your business financial plan online. With the library of text formatting tools and font styles, you can exude credibility and add a touch of modern flair to your output. Then, upload your logo and hit the ‘Send’ button to share your business financial report via email instantly.  

Upgrade to Business

Business growth

Business tips

21 project management templates to organize any workflow

Hero image with an icon of a Gantt chart for product roadmaps and project management

I recently went on a 20-hour road trip that involved stuffing three adults, two dogs, a baby, and two grandparents' worth of Christmas gifts into a Subaru Forester. 

While turning said compact SUV into Mary Poppins' handbag, I realized the only way to make it work was to abide by a structure I could replicate when we had to unload at hotels along the way.

That's what project management templates are to project managers: replicable systems of organization that keep everything efficiently structured.

If you're one of those people packing all those tasks and teams into a single, unified, potentially 4WD structure, these downloadable templates should help you set a workflow foundation.

What are project management templates?

In our case, these are shareable spreadsheets that can be customized and inserted into processes across various project types. They give people (you) effective starting places for building out repetitive processes, so you don't have to start from scratch every time. 

While project managers in particular may use them most, other team leads could find them useful for iterative processes within HR, financial, sales, and marketing teams.

Project management template example

To illustrate, here's an example of a project management template in action:

A marketing executive for a software company uses a project plan template to start every new campaign proposal. This template summarizes the goals, tasks, timelines, and budget, so they can submit a structured proposal to get approval from stakeholders before kicking off the campaign.

Project management planning templates

These project management planning templates can be used for a wide range of project types. Use these for basic plan proposals, briefs, organization, and even management role descriptions.

1. Project management template

 Mockup showcasing Zapier's project management template

That's it; the search is over. If you're looking for a one-stop project management template, you can probably just stop here. This baby has it all: project names, color-coded priority markers, description fields, deliverable timelines and progress, and hour tracking. 

Best for: Effectively organizing multiple projects in one place

2. Project plan template

Mockup showcasing Zapier's project plan template

For those who like to apply a little structure to new projects (generally a key characteristic of most project managers), this project plan template has you covered. Designed for general use, it's got fields for overall timelines, individual task timelines, goals, and resource expense tracking. 

Best for: Showing what you plan to do, how long it'll take, and how much it'll cost

3. Gantt chart project plan template

Mockup showcasing Zapier's Gantt chart template

If Gantt is your chart of choice, this is the template for you. This project scheduling spreadsheet visualizes your project, so you can easily see where tasks and phases stand at a glance. Just fill it in with your dates and task names, update the dates, and let the spreadsheet do the rest of the heavy lifting.

Best for: Visually tracking project progress and timelines

4. Project proposal template

Mockup showcasing Zapier's project proposal template

For those who need a more formal, standardized method of kicking off projects, a template for a project proposal makes sense. By clearly laying out your project's timelines, budget, purpose, methodologies, and risks, you can help ensure stakeholder buy-in is—like the plastic topper holding suitcases and baby toys on top of a Subaru—secured.

Best for: Outlining project concepts for early buy-in

5. Business project proposal template

Mockup showcasing Zapier's business project proposal template

If you need a slightly less detailed project proposal for business use cases, this document should help. This simpler version of our project proposal template includes fields for an executive summary, multiple goals, a task roadmap, a schedule, a budget, and necessary resources.

Best for: Simplified project proposals for business use cases

6. Project brief template

Mockup showcasing Zapier's project brief template

Whether you need a document to submit a project for approval or just like the clarity of starting projects with a concise summary, a project brief covers your bases. This simple project management template has only a few fields that give a very basic, high-level overview of a project that's either under consideration or underway.

Best for: Succinctly summarizing an upcoming or in-progress project

7. Agile feature rollout Kanban board template

Mockup showcasing Zapier's agile feature rollout template

Agile teams are their own animal, and they get their own Kanban board template to match. This highly detailed spreadsheet even has drag-and-drop functionality to mirror typical Kanban software functionality as projects progress through feature rollout phases. To use this one, check out more detailed spreadsheet DIY instructions .

Best for: Agile teams with structured feature rollouts

8. Construction project template

Mockup showcasing Zapier's construction project template

If you're looking to plan a construction project, try this template. A variation on the general project management spreadsheet, this one has simplified fields for timelines with day totals, cost estimates, and customizable dropdowns for assigning tasks to relevant contractors and personnel.

Best for: Planning projects in construction or with multiple contractors

9. Project manager planner template

Mockup showcasing Zapier's project manager planner template

For team leads looking to lasso multiple projects and team members into a single, easy-to-review document, this project manager planner template could be your rope. (Pardon the rodeo metaphor—I come from a cow town.) This simple template can be organized by filters, like task, date, assignee, and project status, to give you an instant look at who's doing what, when, and for how long. 

Then, fill in the assignee block as you go to keep track of utilization by period. I recommend using this as a recurring template with a structured timeline: start it fresh by week, month, sprint, or project.

Best for: Organizing tasks and tracking team member utilization

Budgeting and financial templates

Though some of the project management planning templates above include fields for projecting budgets, they may not allow for the kind of granularity you need for more detailed budgeting or expense reporting. That's where these come in.

10. Project budget allocation template

Mockup showcasing Zapier's project budget allocation template

For a more detailed look at the likely costs of executing a project, you'll need a project budget allocation template. This form is dedicated solely to communicating the estimated costs and allocated amounts for specific items within a project to give all stakeholders a more transparent financial picture.

Best for: Calculating and communicating budgets for specific items in a project

11. Resource management project plan template

Mockup showcasing Zapier's resource management template

When you're planning a project, you also need to plan for expenses. This resource management plan template can serve as your one-stop shop for all things project budget so you can break resources down into quantities and estimates.

Best for: Detailed estimates for individual resources

12. Timesheet template

Mockup showcasing Zapier's timesheet template

Most of these templates are for bigger-picture planning and documentation from the manager's perspective, but managers are just one piece of the project puzzle. This timesheet template should help your team members track the time they spend working on a daily basis.

Best for: Tracking individual working time

13. Timesheet invoice template

Mockup showcasing Zapier's timesheet invoice template

While the timesheet template is designed for general clocking in and out, this invoice is perfect for drilling into individuals' time spent on specific tasks, so you can stay on top of—and ideally under—budgets.

Best for: Individual time and cost logging by task

14. Project-based invoice template

Mockup showcasing Zapier's project-based invoice template

If you want your teams to submit time and incurred costs on completed projects and tasks without having to clock in and out manually, a simpler project-based invoice template is probably more your speed. 

Best for: Reporting the costs of completed projects and tasks

Sales and marketing templates

All the templates up to this point should be great options for generalists, but sales and marketing projects tend to have their own unique workflows. These templates may not apply to all project managers, but they should help sales and marketing managers and team leads stay on top of their projects.

15. Sales dashboard template

Mockup showcasing Zapier's sales dashboard template

As your completed projects stack up, it'll be worth your while to see how those projects are performing. This—quite frankly, very impressive—sales dashboard spreadsheet gives you a high-level, real-time view of individualized performance by team member. While it's geared toward sales performance tracking, it can also be formatted to show accrued expenses by individual, project, or team.

Best for: Visualizing accrued revenues or expenses

16. Social media calendar template

Mockup showcasing Zapier's social media calendar template

Take it from someone who gets anxious at the thought of social media posting: social media can be complicated. But it doesn't have to be if you use this calendar template to help align teams on content scheduling. This should help you get a clear picture of upcoming holidays and track posting patterns, so you can maximize your efforts with less anxiety. (I'll stick to making drafts and then deleting them.)

Best for: Organizing social media content schedules

17. Content calendar template

Mockup showcasing Zapier's content calendar template

If your content marketing operation tends toward robusticity, this is the template you didn't know you've been waiting for (and probably the last occasion I'll ever have for using the word "robusticity"). Use this template to keep all your content ducks in a row, whether you're recording podcasts, filming ads, writing blog posts, or even just hiring someone to do all the above for you.

Best for: Organizing content-related tasks and timelines

18. Marketing project proposal template

Mockup showcasing Zapier's marketing project proposal template

Sure, all project proposals have the same basic foundation: goals, timelines, projected expenses, slick color-coding, etc. But this marketing-specific project proposal template is specially formulated to help marketing team leads get buy-in, so they can prove the impact and import of their impending campaign.

Best for: Securing buy-in for marketing projects

19. Sales project proposal template

Mockup showcasing Zapier's sales project proposal template

Designed to flexibly include either B2C or B2B use cases, this sales-oriented project proposal template will help sales team leads prove viable ROI for their initiatives. Fill it out with pain points, timelines, and descriptions to show this sales project is worthwhile for all parties involved.

Best for: Outlining sales proposals with quotes

20. Marketing communication plan

Mockup showcasing Zapier's marketing communication plan template

Every great marketing campaign starts with one thing (along with money, personnel, time, software…): a plan. This communication plan template will set you up for success with an easy-to-follow reference document that aligns all team members on dates, projects, and contacts.

Best for: Creating a simple reference for aligning marketing teams

21. Annual marketing strategy calendar template

Mockup showcasing Zapier's annual marketing strategy calendar template

For those marketing team leads who like to think ahead—so, all marketing team leads—an easily editable calendar is your best friend. This spreadsheet is separated by tab to help you organize campaign timelines, project start and end dates, and relevant milestones, so you can ensure all projects line up with greater team goals and availability.

Best for: Organizing high-level annual strategy

Benefits of using a project management template

Can you manage a project without a template? Sure. But you can also try to cook Julia Child's coq au vin on your own—or you could just use her recipe.

The obvious reason for using any template is simplicity, but there's a lot more to gain than just time and effort. Here's why you should consider using a project management template like one of the above:

Workflow standardization: Incorporating standardized templates into workflows ensures all stakeholders know what to expect and keeps procedures consistent.

Scalability: As shareable and iterable assets, templates scale easily and ensure processes stay standardized as teams grow.

Improved organization: When you use templates with preset fields, you know every document is labeled, searchable, and includes the information you expect.

Transparency: With clearly outlined timelines, budgets, tasks, resources, and workflows, templates give everyone a clear idea of what's entailed in each element of their unique processes.

Automation: The best thing about templates is that they can be integrated with automation triggers, so they can be shared, filled, and delivered automatically.

Automating your project management templates

Now that you've got a truckload (compact-SUV-load doesn't quite have the same ring) of project management templates at your disposal, you can make them even more powerful with automation.

You can use Zapier to create no-code automations, so your Google Sheet template can talk to all the other apps you use. Here are some examples to get you started, but you can connect Google Sheets to thousands of other apps with Zapier.

Send emails via Gmail when Google Sheets rows are updated

Google Sheets logo

Send Slack messages whenever Google Sheets rows are updated

Slack logo

Or you can use Zapier's simple project plan template to keep track of everything in one app.

Zapier is a no-code automation tool that lets you connect your apps into automated workflows, so that every person and every business can move forward at growth speed. Learn more about how it works .

Templates alone can be hugely helpful when managing projects. But when you add automation to the mix, you can make them even more powerful, creating more structured workflows that seamlessly incorporate the tools your team depends on.

Related reading:

The best free project management software

How project management automation makes your job easier

How to streamline project management with automation and AI

How to make the most of your project management software

Get productivity tips delivered straight to your inbox

We’ll email you 1-3 times per week—and never share your information.

Bryce Emley picture

Bryce Emley

Currently based in Albuquerque, NM, Bryce Emley holds an MFA in Creative Writing from NC State and nearly a decade of writing and editing experience. His work has been published in magazines including The Atlantic, Boston Review, Salon, and Modern Farmer and has received a regional Emmy and awards from venues including Narrative, Wesleyan University, the Edward F. Albee Foundation, and the Pablo Neruda Prize. When he isn’t writing content, poetry, or creative nonfiction, he enjoys traveling, baking, playing music, reliving his barista days in his own kitchen, camping, and being bad at carpentry.

  • Project management

Related articles

PDF icon, which looks like a blank page with the top-right corner folded inward, against a peach-colored background.

How to write a statement of work (with template and example)

How to write a statement of work (with...

Hero image with an icon representing company core values

Company core values: AI core value generator (and 8 examples)

Company core values: AI core value generator...

A cog with a heart, dollar sign, smiley face, and star surrounding it, representing a CRM.

What is lead scoring—and how do you get started?

What is lead scoring—and how do you get...

Hero image with an icon representing a benefits package

How to create your own self-employed benefits package

How to create your own self-employed...

Improve your productivity automatically. Use Zapier to get your apps working together.

A Zap with the trigger 'When I get a new lead from Facebook,' and the action 'Notify my team in Slack'

SharpSheets

Kickboxing Gym Business Plan PDF Example

Avatar photo

  • February 14, 2024
  • Business Plan

the business plan template for a kickboxing gym

Creating a comprehensive business plan is important for launching and running a successful kickboxing gym. This plan serves as your roadmap, detailing your vision, operational strategies, and financial forecasts. It helps establish your gym’s identity, navigate the competitive market, and secure essential resources for growth.

This article not only breaks down the critical components of a gym business plan, but also provides an example of a business plan to help you craft your own.

Whether you’re an experienced entrepreneur or new to the fitness industry, we wrote this guide along with an PDF business plan to use as an example to help you prepare a professional business plan for your kickboxing gym. Let’s dive in!

Our kickboxing gym business plan follows a clear and straightforward structure, covering all the important areas you need in a business plan. It outlines the business operations, its strategy, the market landscape, your key competitors, the management and your financial projections among other things.

Below are the key sections of our business plan:

  • Executive Summary : a quick look at your kickboxing gym’s business, market landscape, management and financial plan.
  • Facility, Amenities & Equipment : what your kickboxing gym looks like, what equipment it has, and its features.
  • Location & Accessibility : where your kickboxing gym is and why it’s a good location for potential customers.
  • Memberships & Classes : types of memberships and classes available (as well as prices)
  • Key Stats : the industry size, growth and some recent important statistics on the kickboxing industry.
  • Key Trends : the recent market trends defining and driving the kickboxing and/or the martial arts industry as a whole (regulation, customers trends, etc.)
  • Key Competitors : who are your key competitors in the area and how they compare vs. your business.
  • SWOT : strengths, weaknesses, opportunities, and threats.
  • Marketing Plan : how you intend to attract and retain members / customers.
  • Timeline : major steps and goals from starting up to growth (12 months minimum plan)
  • Management : who runs the kickboxing gym and what they do.
  • Financial Plan : the expected 5-year financial performance of your kickboxing gym (revenue and profits), as well as how much you expect to spend.

the business plan template for a kickboxing gym

Kickboxing Gym Business Plan

Download an expert-built 30+ slides Powerpoint business plan template

Executive Summary

The Executive Summary introduces your kickboxing gym’s business plan, offering a brief look at your gym and what it offers. It should cover your positioning, the type of classes and memberships you offer, its location, size and a summary of operations.

This section should also highlight how your kickboxing gym fits into the broader immediate market (in the area), how many direct competitors you have and who they are, as well as your unique selling points.

Finally, you should also include here details on the management and co-founding team (who they are and what they do), as well as a summary of your financial projections (5-year revenue and profits are enough).

Make sure to cover here _ Business Overview _ Market Overview _ Management Team _ Financial Plan

Business plan exec summary

Dive deeper into Executive Summary

Business Overview

For a Kickboxing Gym, the Business Overview section should concisely cover three main points:

Facility, Amenities & Equipment : Describe the layout and features of your gym, focusing on the quality and variety of kickboxing equipment, such as heavy bags, speed bags, and mats. Highlight any additional facilities that contribute to a comprehensive training experience, like locker rooms or areas for stretching and conditioning.

Location & Accessibility : Discuss the strategic placement of your gym, emphasizing how its location is convenient for members, with easy access via major roads or public transportation. Mention any location advantages, like being close to community centers or business districts, which can attract a steady flow of members.

Memberships & Classes : Detail the types of classes and membership options available, from beginner to advanced levels. Highlight the flexibility in scheduling, the variety of kickboxing and fitness classes offered, and any unique programs that distinguish your gym from competitors, ensuring it caters to a wide audience.

Make sure to cover here _ Facility, Amenities & Equipment _ Location & Accessibility _ Memberships & Classes

template for business plan financials

Market Overview

In the Market Overview of your kickboxing gym business plan, start by discussing the size of the kickboxing market and its potential for growth. This overview helps to gauge the market’s capacity and the gym’s growth opportunities.

Then, move on to recent market trends, such as the growing interest in martial arts-based fitness programs and kickboxing’s popularity for its comprehensive health benefits, including cardiovascular health, strength, flexibility, and stress reduction. For example, note the increasing appeal of kickboxing among those seeking dynamic, high-energy workouts that offer both physical and mental health benefits.

Lastly, address the competitive landscape, which includes other kickboxing gyms, mixed martial arts centers, and conventional fitness gyms that offer kickboxing classes. For example, highlight what sets your gym apart, such as specialized programs for different skill levels, experienced instructors, or a welcoming community atmosphere. This section will map out the demand for kickboxing, identify key competitors, and define your gym’s unique value proposition in the market.

Make sure to cover here _ Industry size & growth _ Key competitors _ Key market trends

business plan kickboxing market overview

Dive deeper into Key competitors

First, perform a SWOT analysis for the kickboxing gym, pinpointing Strengths (such as specialized trainers and a comprehensive range of classes), Weaknesses (like substantial startup and ongoing costs or heavy competition), Opportunities (for example, an escalating interest in martial arts and self-defense), and Threats (such as economic shifts that could reduce consumer spending).

Next, formulate a marketing strategy detailing approaches to draw and keep members through targeted advertising, enticing offers, dynamic social media campaigns, and engagement in local community events.

Finally, establish a detailed timeline identifying key milestones for the kickboxing gym’s launch, promotional activities, growth in membership, and objectives for expansion, ensuring the business progresses with focused goals and strategy.

Make sure to cover here _ SWOT _ Marketing Plan _ Timeline

business plan kickboxing strategy

Dive deeper into SWOT

Dive deeper into Marketing Plan

The Management section focuses on the gym’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the gym towards its financial and operational goals.

For your Kickboxing Gym business plan, list the core team members, their specific responsibilities, and how their expertise supports the gym’s mission.

business plan kickboxing management

Financial Plan

The Financial Plan section is a comprehensive analysis of the Kickboxing Gym’s financial plan, including projections for revenue, expenses, and profitability. It lays out the gym’s approach to securing funding, managing cash flow, and achieving breakeven.

This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.

For your gym business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. pricing strategies for memberships and services, etc.).

Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds

business plan kickboxing financial plan

Privacy Overview

Man fixing kitchen sink

Plumbing Business Plan: Complete Guide & Template 

  • Author | Becky Forbes
  • February 15, 2023

Starting a plumbing business is an exciting opportunity, but it can quickly become overwhelming without a proper plan and strategy. That’s why having a comprehensive plumbing business plan is imperative for the success of your business. 

In this post, we will discuss the importance of creating a business plan for business owners. We will also provide guidance on what to include in a plan for a plumbing company. Additionally, we will offer a free plumbing business plan template.

Why a Plumbing Business Plan is Essential

A business plan is an essential and comprehensive guide for starting a successful plumbing business. This plan will act as a roadmap, guiding you through the ups and downs of running a successful plumbing business.

It outlines goals, strategies, operations, and financial plans to keep the business organized and on track. Writing a business plan helps you stay focused on your objectives and anticipate challenges so you can prepare for them proactively. It will also make it easier to secure funding, as investors and lenders will want to see a well-thought-out plan. 

template for business plan financials

Structure of a Plumbing Business Plan 

Executive summary.

This summary is an overview of the plumbing company’s goals, objectives, and mission statement. It should highlight the business’s unique selling points, including its experience and expertise in plumbing services and its commitment to customer satisfaction. The executive summary should also  provide an overview of the plumbing industry, including trends and market conditions, to help position the business as a leader in its field. 

Company Summary

The company summary should be clear, concise, and well-written to convey the business’s vision and growth plans. 

Industry Analysis 

This analysis provides an in-depth examination of the plumbing industry. The analysis includes market trends, a competitive analysis, and current regulations and standards. It helps to identify opportunities and challenges for the business and informs strategic competitive advantage planning.

Market Analysis 

This involves a thorough analysis of the target market for the plumbing business, diving into demographic information and consumer behavior to gain insights into the buying habits and preferences of the target audience. It also provides a comprehensive overview of the plumbing industry, including market trends, competitive landscape, and market size, which can be used to inform business strategies and decisions. 

This analysis can help your plumbing business effectively reach and engage with its target market, leading to increased customer acquisition and revenue growth.

Marketing and Sales Strategy 

This outlines a comprehensive plan for attracting and retaining customers in the plumbing business. It includes various marketing and sales tactics, such as advertising, promotions, leveraging word of mouth, and providing excellent customer service. The marketing plan component of this strategy outlines a more focused and intentional approach to promoting the plumbing business, taking into account key factors such as the target market. 

With a well-executed marketing and sales strategy, your plumbing business can effectively reach its target audience, differentiate itself from the competition, drive customer loyalty, and establish long-term customers. 

Service Offerings 

This section outlines the comprehensive range of services offered by your business, including both residential plumbing and commercial plumbing solutions. It provides a clear and detailed description of each service, including the scope of work and plumbing service pricing . By offering a wide range of high-quality plumbing services, your business can cater to the diverse needs of its customers and stand out in a competitive market. 

The clear and transparent presentation of service offerings can also foster trust and build credibility with potential customers, leading to increased customer acquisition and revenue growth.

If you’re looking for more ways to improve your plumbing customer service and increase revenue, partner with Payzer. Payzer is a plumbing management software that helps you simplify operations, sell more, and improve collections.

Schedule a Demo Today

Operations Plan 

This operations plan is a critical component of the overall business strategy, as it ensures that your plumbing business operates smoothly and efficiently and can provide top-notch service to your customers. 

This comprehensive plan outlines how the plumbing business will be run and managed daily. It covers critical operational areas such as employee management, staffing, equipment usage, appointment scheduling, and customer service processes. Additionally, it highlights the importance of offering credit card payment options, which can provide added convenience and flexibility for customers and help your business increase sales and revenue.  

By having a well-defined and executed operations plan, you can achieve your short-term and long-term goals, grow your customer base, and build a strong reputation in the plumbing industry.

Financial Plan 

This component of the business plan provides a comprehensive overview of the financial projections for your plumbing business. It includes detailed revenue projections, cash flow analysis, and growth projections. The financial plan also contains a balance sheet to demonstrate financial stability and potential for business success. 

This financial plan is a crucial component of the overall business strategy.It provides a realistic and data-driven view of your business’s financial future and helps to inform decision-making and secure funding. By having a well-structured and realistic financial plan, your plumbing business can attract investors and lenders, establish a strong financial foundation, and secure long-term success.

The conclusion is a crucial component of your business plan, as it ties together all of the key elements and provides a final demonstration of your plumbing business’s potential for success. 

The conclusion provides a concise and compelling summary of the key points. It reiterates the business’s mission, vision, and commitment to success and highlights the strengths and unique selling points of the business. 

The conclusion serves as a final opportunity to make a strong impression on potential investors, lenders, and stakeholders. It should leave the reader with a clear and optimistic view of the business’s future and convey a sense of confidence and determination to succeed. 

We hope that you have a good understanding of the key elements that should be included in a plumbing business plan. These elements provide a roadmap for starting and running a successful plumbing business, as well as strategies for marketing, customer service, finances, and business operations. With the right plan and determination, you can build a successful plumbing business. 

Share this article

Related articles.

accounting concept. businesswoman working using calculator with money stack in office

  • Jan 19, 2024

9 HVAC Accounting Tips for Business Owners

Two men shaking hands

  • Jan 17, 2024

Payzer HVAC Service Agreement Template and Complete Guide: Securing Hassle-Free Maintenance

Engineer searching for online information about lathing

Owner’s Manual for HVAC Business Management

accounting concept. businesswoman working using calculator with money stack in office

Welcome to Payzer!

We look forward to helping your business grow., welcome back.

IMAGES

  1. 50 Professional Financial Plan Templates [Personal & Business] ᐅ

    template for business plan financials

  2. 50 Professional Financial Plan Templates [Personal & Business] ᐅ

    template for business plan financials

  3. 5 Financial Plan Templates Excel

    template for business plan financials

  4. 6+ Sample Financial Business Plan Templates

    template for business plan financials

  5. Business Plan Financial Templates

    template for business plan financials

  6. 50 Professional Financial Plan Templates [Personal & Business] ᐅ

    template for business plan financials

VIDEO

  1. Bakery business plan financials

  2. IMPORT EXPORT COMPANY BUSINESS PLAN

  3. Business Plan Kaise Banaye: A Step-by-Step Guide

  4. 3 Effective Ways to Plan Your Business

  5. How to create Financial Plan

  6. BUSINESS PLAN FINANCIALS BOOTCAMP

COMMENTS

  1. Business Plan Financial Templates

    Download and use expert-tested financial templates for your business plan in Excel, Google Sheets, and PDF formats. Find the essential financial statement templates, including income statement, cash flow statement, balance sheet, sales forecast, break-even analysis, and budget templates. Learn the key elements of the financial section of a business plan.

  2. Write your business plan

    Learn how to write a business plan quickly and efficiently with a business plan template. Choose between a traditional or lean startup format, and use the nine sections of a traditional plan or the four sections of a lean startup plan. Download examples of each format and get tips on financial projections.

  3. Simple Business Plan Template (2024)

    This section of your simple business plan template explores how to structure and operate your business. Details include the type of business organization your startup will take, roles and ...

  4. How to Write a Financial Plan: Budget and Forecasts

    Download Now: Free Income Statement Template Creating a financial plan is often the most intimidating part of writing a business plan. It's also one of the most vital. Businesses with well-structured and accurate financial statements in place are more prepared to pitch to investors, receive funding, and achieve long-term success.

  5. Free Business Plan Templates in Excel

    Strategic planning Free Business Plan Templates in Excel Get free Smartsheet templates By Joe Weller | September 27, 2020 In this article, we've rounded up an extensive list of free business plan templates and samples for organizations of all sizes. You can download all of the plans in Excel.

  6. How to Write the Financial Section of a Business Plan

    The financial section of a business plan is one of the most essential components of the plan, as you will need it if you have any hope of winning over investors or obtaining a bank loan. Even...

  7. 10 Free Business Plan Templates in Word, Excel, & ClickUp

    A business plan template is a structured framework for entrepreneurs and business executives who want to create business plans. It comes with pre-arranged sections and headings that cover key elements like the executive summary , business overview, target customers, unique value proposition, marketing plans, and financial statements.

  8. Small Business Financial Plans

    To learn more about other important considerations for a small business, peruse our list of free startup plan, budget, and cost templates. What Does a Small Business Financial Plan Include? All small businesses should include an income statement, a balance sheet, and a cash flow statement in their financial plan.

  9. Business Plan Templates: 26 FREE Samples

    Operations plan. Management organization. Financial plan. Conclusion & appendix. Every section involved in a business plan is designed to help startup businesses reach their target market. A business plan asks founders and entrepreneurs to detail their business strategy in a step-by-step process that makes sense from an operational perspective.

  10. Free Business Plan Template (With Examples)

    Definition. A platform to consider every element of your business and how best to execute your plans for them. Collaboration. A synopsis of what's exceptional about your business and a way to ...

  11. Business Plan

    Start Free Written by CFI Team What is a Business Plan? A business plan is a document that contains the operational and financial plan of a business, and details how its objectives will be achieved. It serves as a road map for the business and can be used when pitching investors or financial institutions for debt or equity financing.

  12. Business Plan Essentials: Writing the Financial Plan

    Now you can begin to put together your financial statements for your business plan starting with the income statement. The Income Statement. The income statement shows your revenues, expenses, and profit for a particular period—a snapshot of your business that shows whether or not your business is profitable. Subtract expenses from your ...

  13. Free Business Plan Template for Small Businesses (2024)

    A faster way to plan. LivePlan is the #1 planning tool for over 1 million businesses. Create your business plan. Download a free business plan template in Google Doc, Microsoft Word, and PDF formats. Includes expert guidance to help fill out each section.

  14. How To Write A Business Plan (2024 Guide)

    Describe Your Services or Products. The business plan should have a section that explains the services or products that you're offering. This is the part where you can also describe how they fit ...

  15. Financial Statements for Your Business Plan

    Balance Sheet: This financial statement template will help you show the value of the company's assets, liabilities and owner's equity. Key equation: Assets = Liabilities + Owner's Equity. Additionally, when creating your sample balance sheet, understand that this is the only financial statement that applies to a single point in time.

  16. 4 Steps to Creating a Financial Plan for Your Small Business

    Whether the business is starting from scratch or modifying its plan, the best financial plans include the following elements: Income statement: The income statement reports the business's net profit or loss over a specific period of time, such a month, quarter or year.

  17. Free Business Plan Excel Template [Excel Download]

    Download the template here: Business Plan Excel Template. The template is easy to customize according to your specific business needs. Simply input your own financial data and projections, and use it as a guide to create a comprehensive financial plan for your business. Remember to review and update your financial plan regularly to track your ...

  18. Business Plan Financial Template

    Cloned 61. A business plan financial template is used by companies and organizations to outline expected costs and profits for the coming years. Jotform Sign 's free Business Plan Financial template includes space for you to write your company's vision and mission statements, as well as fill out projected start-up costs, revenue, and expenses.

  19. Free financial plan template for entrepreneurs

    Financial plan template Anticipate your financial needs more easily Download What is it? The financial plan is used to project your revenues and expenses for the coming months. It allows you to plan for lower cash flows, identify your financing needs and determine the best time to get your projects off the ground. This tool will help you

  20. Business Plan Financials

    The business plan financials Excel template automatically creates a cash flow statement and a statement of sources/uses of funds. The model links them to the numbers from the income statement and the balance sheet. So, even if you are a seasoned professional financial modeler, you will benefit from using the template as it will save several ...

  21. Business Plan Financial Projections Template

    Explore our comprehensive workflow for creating accurate and robust business plan financial projections, factoring in various economic scenarios and industry standards. 1. Identify financial requirements and objectives. Draft projected income statement. Detail projected balance sheet. Calculate projected cash flow statement.

  22. Excel design templates for financial management

    Budget your personal and business finances using these templates Manage your finances using Excel templates. Stay on track for your personal and business goals by evaluating your income and expenses. Use these templates to add in pie charts and bar graphs so that you can visualize how your finances change over time.

  23. Free Financial Projection and Forecasting Templates

    By Andy Marker | January 3, 2024 We've collected the top free financial projection and forecasting templates. These templates enable business owners, CFOs, accountants, and financial analysts to plan future growth, manage cash flow, attract investors, and make informed decisions.

  24. FREE Business Plan Financial Template

    Free Financial Plan for Startup Business Template Financial Business Plan Template Digital Marketing Agency Marketing Plan Template Transport and Logistics Financial Data Export Template Transport and Logistics Financial Forecast and Projection Template Yearly Compensation Financial Analysis HR Template

  25. 21 project management templates

    Best for: Simplified project proposals for business use cases. 6. Project brief template. ... Budgeting and financial templates. ... 11. Resource management project plan template. Make a copy. When you're planning a project, you also need to plan for expenses. This resource management plan template can serve as your one-stop shop for all things ...

  26. Kickboxing Gym Business Plan PDF Example

    Business Plan. Creating a comprehensive business plan is important for launching and running a successful kickboxing gym. This plan serves as your roadmap, detailing your vision, operational strategies, and financial forecasts. It helps establish your gym's identity, navigate the competitive market, and secure essential resources for growth.

  27. Free Plumbing Business Plan Template & Complete Guide

    A business plan is an essential and comprehensive guide for starting a successful plumbing business. This plan will act as a roadmap, guiding you through the ups and downs of running a successful plumbing business. It outlines goals, strategies, operations, and financial plans to keep the business organized and on track.

  28. Essentials of Bookstore Business Plan Template Explained

    A bookstore business plan template outlines the strategy and financial projections for the store's success. It serves as a blueprint to guide operations, marketing, and revenue management. Within the highly competitive book retail industry, launching a successful bookstore demands a concise plan that addresses the key aspects of the trade.